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Starbucks Strip 3115-3131 Broadway St

8,651 SF 100% Leased Retail Building Quincy, IL 62301 $4,314,000 ($499/SF) 7% Cap Rate

Storefront Properties Illinois Quincy 3115-3131 Broadway St, Quincy, IL 62301

Investment Highlights

  • 100% occupied retail strip center with long-term tenancies
  • All leases feature a triple net structure with Landlord only responsible for roof & structure
  • Subject property features significant frontage on Broadway Street – 26,778 VPD
  • 75% of the tenants have operated at the site 15+ years showing long-term dedication to the subject property
  • Non drive thru rents only $29/ft. average
  • 51,709 residents and $76,804 average household incomes within a 5-mile radius of the subject property

Executive Summary

A four-tenant retail strip center that serves as an outparcel to Quincy Town Center, a 1.5M SF shopping center that boasts 1.5M annual visitors per Placer.ai. Three of the four tenants are reputable national tenants (Starbucks, US Cellular, and H&R Block) that drive traffic to the center along with the national anchors which include Joann and ALDI.

Attachments

StarbucksStrip_QuincyIL

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
8,651 SF
Building Class
C
Year Built
2007
Price
$4,314,000
Price Per SF
$499
Cap Rate
7%
NOI
$301,952
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Land Acres
0.80 AC
Parking
41 Spaces (4.74 Spaces per 1,000 SF Leased)
Frontage
141 FT on Broadway Street
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3115-3131 Broadway St, Quincy, IL - aerial map view

Nearby Major Retailers

The YMCA
Starbucks
IHOP
First Mid Bank
ALDI
United Rentals
Village Inn
Hy-Vee
Golden Corral
Applebee's

PROPERTY TAXES

Parcel Number 23-7-0662-000-00 Improvements Assessment $251,330
Land Assessment $136,750 Total Assessment $388,080

PROPERTY TAXES

Parcel Number
23-7-0662-000-00
Land Assessment
$136,750
Improvements Assessment
$251,330
Total Assessment
$388,080
(415) 274-2715

  • Listing ID: 32571355

  • Date on Market: 7/24/2024

  • Last Updated:

  • Address: 3115-3131 Broadway St, Quincy, IL 62301

More public record information on 3115-3131 Broadway St, Quincy, IL 62301

The Retail Property at 3115-3131 Broadway St, Quincy, IL 62301 is currently available For Sale. Contact CP Partners CRE for more information.

Nearby Listings

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3115-3131 Broadway St, Quincy, IL for sale Building Photo- Image 1 of 4
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3115-3131 Broadway St, Quincy, IL for sale Building Photo- Image 2 of 4
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3115-3131 Broadway St, Quincy, IL for sale Aerial- Image 3 of 4
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Starbucks Strip | 3115-3131 Broadway St
(415) 274-2715 x

Starbucks Strip | 3115-3131 Broadway St

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John Andreini

(415) 274-2715

(415) 274-2715

Kirby Dederian

(415) 274-2700

(415) 274-2700

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