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2704 17th Street, Marion, IL, 62959

2704 17th Street

$1,650,000

Key Information

Cap Rate
7.51%
$ per SF
$275
Tot. SF
6,000
Units
2
Year Built
2006
Term Remaining
± 3.3 Years
Type
Shopping Centers
NOI
$123,900

Highlights

• 100% Occupied with NNN Leases – The property is fully leased to McAlister’s Deli and SalonCentric under NNN lease structures, providing a predictable income stream while limiting the landlord’s exposure to operating expenses.
• Established National Brands – The property is occupied by two well-recognized national brands serving complementary consumer categories. McAlister’s Deli is supported by an established franchise network with 200+ locations, while SalonCentric is part of L’Oréal USA’s professional beauty distribution platform, providing strong brand recognition and established operations at the property.
• Prime Southern Illinois Retail Location – Situated in Marion, a key retail hub in Southern Illinois, with continued population growth and new retail developments in the surrounding area.
• Strategic Interstate 57 Location – Conveniently located just off Interstate 57, the primary north-south transportation corridor through Illinois, with more than 37,000 vehicles per day passing the property.

Photos

Location

Agents

Broker of Record

Matthew M. Fitzgerald

License # 471021676, 478027547 (IL)
Matthews Real Estate Investment Services, Inc
600 W Fulton, Ste 100 Chicago, IL 60661