Mount Vernon Shops

Price: $2,807,000
Sq. Ft.: 9,551
Cap Rate: 7.55%
Built: 2015

Marcus & Millichap is pleased to offer the opportunity to acquire a stabilized 9,551-square foot, multi-tenant retail center in Mount Vernon, Illinois. Mount Vernon Shops has a complementary mix of tenants, and 100 percent of the gross leaseable area has national credit tenants including Moe’s Southwest Grill, Kay Jewelers, and AT&T. The center is 100 percent occupied, and all leases are triple-net leases with multiple options for renewal.  Mount Vernon Shops is newer 2015 construction with an attractive façade, situated on a 1.2-acre lot.

Mount Vernon Shops is located on Broadway Street at the signalized hard corner of Broadway Street and Crown View. The property is less than one mile from Interstate 64, Mount Vernon’s major thoroughfare. Cumulative traffic counts in front of the property exceed 35,400 vehicles per day. Mount Vernon Shops is an outparcel to Times Square Mall, a regional shopping mall anchored by Ross, Hobby Lobby, and Big Lots. The property is located in a prime retail corridor and near many national retailers including AutoZone, Walgreens, O’Reilly Auto Parts, People’s National Bank, Pizza Hut, Kentucky Fried Chicken, Kroger, CATO, Wendy’s, Domino’s Pizza, Walmart, Dollar Tree, Lowe’s Home Improvement, Kohl’s, and many more. Mount Vernon Shops is located less than a half-mile from Crossroads Community Hospital, a 47-bed facility offering inpatient and outpatient care, diagnostic imaging, surgical care, emergency care, and more.

  • 9,551-Square Foot, Three-Tenant Retail Center
  • 100% Occupied | 100% National Tenants | 100% Triple-Net Leases
  • Kay Jewelers and AT&T have Corporate-Guaranteed Leases| Moe’s Southwest Grill has a Strong Franchise Guaranty
  • All Leases have Multiple Options for Renewal with 10% Rental Increases
  • Building is Newer 2015 Construction with an Attractive Facade
  • Outparcel to Times Square Mall, a Regional Mall Anchored by Ross, Hobby Lobby, and Big Lots
  • Well Positioned with Two Signalized Locations at the Entrance of Times Square Mall, at the Hard Corner of Broadway Street and South 42nd Street | Cumulative Traffic Counts Exceed 35,400 Vehicles Per Day
  • Excellent Visibility and Accessibility from Multiple Ingress and Egress Points
  • Located in a Prime Retail Trade Area, Serving a 40-Mile Trade Area Including all of Jefferson County
  • Near Large Walgreens Distribution Center | Mount Vernon is Also Home to Major Distribution Centers for Continental Tire of North America, NAPA, National Railway Equipment, and ALCO
  • Numerous National Hotel Chains are in Close Proximity to the Property, Providing Additional Traffic to the Area