Streator Commons | Streator, IL

For Sale

Streator Commons | Streator, IL

Asking Price: $2,150,000 | Cap Rate: 7.15%

• Net Operating Income: $153,851
• Weighted Avg. Lease Term (WALT): 6.41 Years
• Lease Type: Net

Property Highlights

• 100% leased multi-tenant retail center with all tenants signed to landlord favorable net-leases with a WALT greater than 6.25+ years
• The property has demonstrated strong leasing momentum over the past 12 months, highlighted by the execution of three new long-term 5- and 10-year net leases with multiple renewal options and rental increase
• The property is shadow-anchored by a Walmart Supercenter generating over 1.2 million annual visitors, driving significant traffic to the center from surrounding communities. This is the only Walmart within a 16-mile radius
• The property is anchored by a complementary mix of food-service users and traditional retailers, all benefiting from limited competition within the market