1607 Broadway St, Pekin, IL 61554

Coming on market. Inline and outlot bldg. for sale (30,669 GLA) in Kroger anchored shopping center. Kroger owns its building. In 2014, Kroger completed a $5 mil. store renovation. Kroger is a 24 hour store and has gas pumps & drive thru pharmacy. Class A condition in higher income area. Kroger constructed: 1997, Inline: 1998, Outlot: 2001. Pekin: North/Central Illinois, about halfway between Chicago and St. Louis. (165 miles from each). County seat. Near Peoria. 5 mile population: 47,000. Net Income $359,434 Projected Net Income $405,514 Sales Info: ■ Cap rate: 8.5% ■ Commision split: 0.5% ■ NOI: $359,434 Location Description: Inline and outlot bldg. for sale (38,000 GLA) in Kroger anchored shopping center. - Kroger owns its building. - 2014, $5 mil. store renovation. - 24 hour store. Has gas pumps & drive thru pharmacy. - Class A condition in higher income area. - Kroger constructed: 1997, Inline: 1998, Outlot: 2001. - Pekin: North/Central Illinois, about halfway between Chicago and St. Louis. (165 miles from each). County seat. Near Peoria. - 5 mile population: 47,000. - Net Income $359,434 - Projected Net Income $405,514 Highlights: ■ Coming On the Market: Inline and Outlot Building of Kroger Anchored Shopping Center ■ Stable Midwest Market: Pekin Illinois (Suburb City of Peoria Illinois) ■ Approx. 165 Miles South of Chicago & 165 Miles North of St. Louis ■ 30,669 Square Feet Gross Leasing Area (inline and outlot building) ■ Kroger Owns Its Own Building. 2014 $5mil. renovation. ■ Sale Price: $4,228,000 ■ 8.5 Cap  « show less

Coming on market. Inline and outlot bldg. for sale (30,669 GLA) in Kroger anchored shopping center. Kroger owns its building. In 2014, Kroger...  show more »