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550 E Industrial Park Rd - Jackson Square Shopping Center
12,350 SF Retail Unit Offered at £469,470 in Murphysboro, IL 62966
Investment Highlights
- Company Owned Shadow Anchors on Both Ends of Center
- Leases have annual kickers
- 9+ acres of development land available south of Rural King
- $650,000 package for property and 9+ acres south of Rural King
Property Facts
| Price | £469,470 | Building Class | B |
| Unit Size | 12,350 SF | Number of Floors | 1 |
| No. Units | 1 | Typical Floor Size | 93,822 SF |
| Total Building Size | 93,822 SF | Year Built | 1979 |
| Property Type | Retail (Unit) | Lot Size | 3.00 AC |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 0.75/1,000 SF |
| Sale Type | Investment |
| Price | £469,470 |
| Unit Size | 12,350 SF |
| No. Units | 1 |
| Total Building Size | 93,822 SF |
| Property Type | Retail (Unit) |
| Property Subtype | Storefront Retail/Office |
| Sale Type | Investment |
| Building Class | B |
| Number of Floors | 1 |
| Typical Floor Size | 93,822 SF |
| Year Built | 1979 |
| Lot Size | 3.00 AC |
| Parking Ratio | 0.75/1,000 SF |
1 Unit Available
Unit 1
| Unit Size | 12,350 SF | Sale Type | Investment |
| Price | £469,470 | Net Initial Yield | 10.00% |
| Price Per SF | £38.01 | NOI | £46,947.00 |
| Unit Use | Retail | APN/Parcel ID | 09-33-227-020, 09-33-227-024, 09-33-227-025 |
| Unit Size | 12,350 SF |
| Price | £469,470 |
| Price Per SF | £38.01 |
| Unit Use | Retail |
| Sale Type | Investment |
| Net Initial Yield | 10.00% |
| NOI | £46,947.00 |
| APN/Parcel ID | 09-33-227-020, 09-33-227-024, 09-33-227-025 |
Description
The remaining 12,350 sq. ft. of the 21, 050 sq. ft. Jackson Square shopping center is now available for an investor. It is shadow anchored at the north end by a company owned Kroger Foods (30,000± SF), at the south end by a company investor owned Rural King (49,600± SF), and a freestanding Dollar Tree built in 2019 on the Rural King periphery. Existing tenants include BoxDrop Mattress & Furniture, Sky Nails, H&R Block (opened in early 2024), and Murphy Tobacco & Vape (lease signed in late 2023). The 12,350 sq. ft. is fully leased with a NOI of approximately $60K per year. Each lease is gross with annual kickers.
The south 8,700 sq. ft of the center that includes Silver Dollar Gaming, Quality Qutz, and Sergio's Mexican Bar & Grill (Owner/User) and the 4,500 sq. ft. building & adjacent undeveloped lot on the Jackson Square periphery were sold in August 2023.
The 9+ acres south of the Rural King is quoted at $100,000 (Under Contract as of May 2024).
Jackson Square is located on the northeastern edge of Murphysboro on IL State Highways 13 & 127.
Two of the owners are licensees in the State of Illinois.
Sale Notes
The remaining 12,350 sq. ft. of the 21, 050 sq. ft. Jackson Square shopping center is now available for an investor. It is shadow anchored at the north end by a company owned Kroger Foods (30,000± SF), at the south end by a company investor owned Rural King (49,600± SF), and a freestanding Dollar Tree built in 2019 on the Rural King periphery. Existing tenants include BoxDrop Mattress & Furniture, Sky Nails, H&R Block (opened in early 2024), and Murphy Tobacco & Vape (lease signed in late 2023). The 12,350 sq. ft. is fully leased with a NOI of approximately $60K per year. Each lease is gross with annual kickers.
The south 8,700 sq. ft of the center that includes Silver Dollar Gaming, Quality Qutz, and Sergio's Mexican Bar & Grill (Owner/User) and the 4,500 sq. ft. building & adjacent undeveloped lot on the Jackson Square periphery were sold in August 2023.
The 9+ acres south of the Rural King is quoted at $100,000 (Under Contract as of May 2024).
Jackson Square is located on the northeastern edge of Murphysboro on IL State Highways 13 & 127.
Two of the owners are licensees in the State of Illinois.
Amenities
- 24 Hour Access
- Freeway Visibility
zoning
| Zoning Code | Commercial (General Commercial) |
| Commercial (General Commercial) |
-
Craig Hiser - CMJP Properties
Presented by
CMJP Properties
550 E Industrial Park Rd - Jackson Square Shopping Center
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