Clinton Plaza Shopping Center

Clinton, IL-61727


Overview

Price $2,479,200
Cap Rate 7.50%
NOI $185,979
Leasable Area 17,774 SF
Occupancy 100%
Status Available
Price Per SF $153

Listed By

Broker
Jonah Katz
718-705-9500

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Property Highlights


The subject property is a multi-tenant, 17,776 square foot retail property located along West Van Buren Street in Dewitt County of
Illinois. It is currently occupied by service and goods retailers including its anchor tenant CVS Pharmacy, and in-line tenants
named Legend Buffet, Camino Real Restaurant, Heritage Behavioral Health, and Lacey’s Place The property enjoys high
visibility and has been well maintained. As an indication of the centers success, CVS recently renewed for a ten-year lease. The
said terms are processed in our analysis. The CVS lease commenced in March 1986 and occupies 7,500 square feet. The
NNN lease has been recently renewed with the term ending 8/31/2027. CVS will have a fixed rent of $90,000, which equates to
$12.00 per square foot, through-out the term. Store sales at this location exceed $3.7 million dollars, which equates to $497 per
square foot. Due to the below market in-place rent along with the strong sales activity at this location, this store exhibits excellent
rent to sales ratio of 2.42%.


Clinton Plaza Shopping Center

Clinton, IL, 61727
Price Per SF: $153


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