Galesburg Crossing 1995-2107 National Blvd. Local commercial 7 028 m² 100 % Loué À vendre Galesburg, IL 61401 9 243 875 € (1 315,25 €/m²) Taux de capitalisation 7,65 %

Northmarq, on behalf of ownership, is pleased to exclusively offer for sale the opportunity to acquire the 100% fee simple interest in the Galesburg Crossing asset, a +/- 75,651 SF multi-tenant retail center located in Galesburg, Illinois (“The Property”). The Property is a multi-tenant retail building that sits on a 9.9 acre lot, adjacent to a HyVee grocery store. The retail center is home to five retailers, three of which are publicly traded entities. Led by Marshalls (a wholly-owned subsidiary of TJX Companies: S&P Rating of A), the five-tenant roster is all signed up on a long-term basis, with the average weighted lease term of 3 years and 7 months remaining on The Property.
The Property is located in Galesburg, Illinois - the principal city of Knox county. The Property is situated 50 miles northwest of the city of Peoria, and sits along the commuting route between Chicago and Kansas City. The Property sits adjacent to the on/off ramp of the Chicago - Kansas City Expressway, a major thoroughfare that connects commuters with the central retail corridor of Galesburg.
The Property is connected to a HyVee Grocery store - a large midwestern chain that operates more than 280 locations and acts as a major economic driver to the areas in which it operates. Additionally, The Property is surrounded by major national retailers that drive traffic to the commerce center. National retailers such as Lowe's Home Improvement, Tractor Supply Co, Target, and Applebee's sit either next to or across the street from the Galesburg Crossing retail center.
In Association With:
Mark Hellwig
Illinois Broker
IL License #471018330