Cherry Tree Shopping Center - SOLD

Address:

20 Cherry Tree, Washington, IL 61571

Space Available:

111,707 Sq. Ft.

Project Contact:

Mike Mallon
630-592-4154
mike.mallon@dkmallonre.com

Description:

Kroger Anchored Shopping Center For Sale!

Investment Highlights

94% leased– Kroger occupying almost 50% remaining tenants include Monical’s, Kay’s Hallmark, US Cellular, Washington State Bank, State Farm Insurance, Bard Optical and several local retailers.

Investment Grade Tenant- Anchored by a 54,972 square foot Kroger grocery supermarket with a gas station.

2013 NOI $334,104

Excellent Demographics– Average household income of over $76,840 and over 39,340 people in five mile radius.

Upside potential to retenant– 25,200 sf. box with flexible terms to divide and maximize return

Below market rents

Big R excellent co-tenant


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Broker Confidentiality Agreement

Purchaser Confidentiality Agreement

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