This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

911 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

We will automatically send your friend a one-time email inviting him or her to visit the site. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of our referral program. View LoopNet's Privacy Policy

thank you

Your email has been sent!

Retail & Industrial Portfolio | 7.7% Cap Rate 1301 Enterprise Way

134,112 SF 100% Leased Retail Building Marion, IL 62959 £14,596,500 (£109/SF) 7.72% Net Initial Yield

Investment Highlights

  • Multiple properties and parcels. High occupancy rates and consistent tenants.

Executive Summary

6 retail centers and 3 industrial sites. 30 parcels with a total of 24.36+/- acres. Total of 309,038+/- square feet of leasing space. 7.72% Cap Rate. Sold as a total bulk/package deal and in "as is" condition. All properties managed by a property management company. A few of the tenants are Auto Zone, Dollar General, Little Caesar's and Shoe Sensation.

Property Facts

Sale Type
Investment
Sale Condition
Portfolio Sale
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
134,112 SF
Building Class
C
Year Built/Renovated
1982/2000
Price
£14,596,500
Price Per SF
£109
Net Initial Yield
7.72%
NOI
£1,126,850
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.63
Land Acres
4.89 AC
Zoning
Commercial - Commercial
Parking
464 Spaces (3.46 Spaces per 1,000 SF Leased)
Frontage
1,000 ft on 1301 Enterprise Way

Amenities

  • Freeway Visibility
  • Property Manager on Site
  • Pylon Sign
  • Tenant Controlled HVAC
1 of 1

PROPERTY TAXES

Parcel Numbers
Multiple
  • 06-13-176-002
  • 06-13-176-012
  • 06-13-176-004
  • 06-13-176-005
  • 06-13-176-003
  • 06-13-176-013
 Improvements Assessment £530,571
Land Assessment £210,197 Total Assessment £740,768

PROPERTY TAXES

Parcel Numbers
Multiple
  • 06-13-176-002
  • 06-13-176-012
  • 06-13-176-004
  • 06-13-176-005
  • 06-13-176-003
  • 06-13-176-013
Land Assessment
£210,197
Improvements Assessment
£530,571
Total Assessment
£740,768
(502) 640-3622

  • Listing ID: 33967810

  • Date on Market: 22/11/2024

  • Last Updated:

  • Address: 1301 Enterprise Way, Marion, IL 62959

The Retail Property at 1301 Enterprise Way, Marion, IL 62959 is currently available For Sale. Contact Gilezan Global Brokered by eXp Commercial for more information.

Nearby Listings

1 of 2
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/2
1301 Enterprise Way, Marion, IL for sale Building Photo- Image 1 of 2
Marion & Herrin

1 of 1

Connect with us

© 2024 CoStar Group

Retail & Industrial Portfolio | 7.7% Cap Rate | 1301 Enterprise Way
(502) 640-3622 x

Retail & Industrial Portfolio | 7.7% Cap Rate | 1301 Enterprise Way

1/2

Stephanie Gilezan

(502) 640-3622

(502) 640-3622

Sam Griffin

(502) 817-6484

(502) 817-6484

Already a member? Log In

First Name*

Last Name*

Please enter an email address.

Email*

Phone*

Ext (optional)

Company (optional)

Please leave a message.

Message*

{{messageTextLength}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Policy.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link