Southtowne Shopping Center

Illinois Rte. 51 & Gas Plant Rd. Du Quoin, IL 62832

FOR SALE Incentives
Property Type:
Strip Center
Amount:
$3,390,000
Last Verified:
Dec 07, 2017

Highlights

  • Strong E-Commerce Resistant Tenant Mix
  • Save-a-Lot Grocery Anchors this Walmart Shadow Center
  • Junior Anchors include Dollar Tree, Cato and Shoe Sensations
  • 72.62% Occupancy Translates To A Strong UPSIDE Potential
  • 9.69 Acre site

Description

Southtowne Shopping Center is a Walmart Shadow Center, operating in the middle of the Region’s largest National Retail Shopping Area. With a diverse tenant mix of Grocery, Retail, Casual Dining, and Office, this property provides an E-Commerce resistant tenant mix with many long-term tenants in place. The pricing for this location is based on current occupancy of 72.62%, this translates to a huge upside potential. With some recent renovations and updates, the center is stronger than ever. Located on 9.96 acres and connected directly to the Walmart parking, the traffic flow is easy and convenient.

SVN Holman Norden is pleased to Offer the Fee Simple interest in Southtowne Shopping Center located on State Highway 51 in Du Quoin, Illinois just a few blocks from the famous Du Quoin State Fair Grounds. Du Quoin, Illinois is famous for being the home of the annual Du Quoin State Fair, the city offers more than just extraordinary fairgrounds and events. Du Quoin is also a great place to work and raise a family, being rich in the kinds of traditions that build strong communities. Additionally, Du Quoin is the Retail and Business hub for the county.


Year Built: 1980
Building Size: 92603.0sq ft
Lot Size: 9.69 acres

Map of Illinois Rte. 51 & Gas Plant Rd. , Du Quoin, IL, 62832

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.