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Details: Retail

Asking Price: $8,347,000

Square Feet: 68,838 SF

Asking Cap Rate: 8.00%

Year Built: 2006

NOI: $667,478

Wood River Plaza

626 Wesley Dr Unit 626, Wood River, IL 62095

  • 63% of GLA is occupied by national tenants
  • Excellent leasing momentum
    • Recent leases signed with
      • Five Below
      • Verizon
      • Papa John’s
      • Eyebrow Threading & Waxing Spa
  • Brand new Five Below with 10 years of term
  • 12% vacancy allows for NOI growth through lease up of vacant suites
  • 8 tenants have annual escalations built in
    • $13,723 organic NOI growth over the next 2 years
  • Dollar Tree has been located at the center for 17 years, since 2006
  • Shadow anchor Walmart in top 25 MSA, St. Louis
  • Located 15 miles from downtown St. Louis
  • Walmart is in the top 85% performing Walmarts in the United States
    • 22nd best performing Walmart out of 150 in the state
    • Sales estimated to be over $120M annually
  • Only Walmart within a 15 mile radius
  • Located along Wood River’s primary retail corridor

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