Receiver Sale: Walmart & Menards Shadow Center | Value-Add

Highlights:

• Dollar Tree In Place for More Than 22 Years: Fujiyama Japanese Steakhouse adds 8+ years of tenancy, with both leases carrying 4+ years of term.
• Shadow-Anchored by Walmart and Menards: Adjacent Walmart and Menards draw a combined 2.7M annual visitors past the center's storefronts.
• 10,940 SF of Available Space to Lease: Vacancy spans both end-cap units and multiple contiguous suites, accommodating a range of tenants.
• Positioned Off the Route 136 Interchange: Sits just off the Route 136 exit and entrance ramp, with 13,400 vehicles passing the site daily.
• $100,815 Average Household Income in 1 Mile: An affluent one-mile trade area supports continued retail demand and backfill of the vacant suites.
• National Retailers Surround the Center: Kohl's, T.J. Maxx, Lowe's and Harbor Freight operate nearby, reinforcing the trade area's pull.

Description:

View details and diligence materials on RI Marketplace:
https://rimarketplace.com/auction/2647/retail/danville/il?utm_source=aqqire&utm_medium=free_listing&utm_campaign=november19_2026&utm_content=retail_2647

Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, 22 W Newell Road in Danville, IL is a 27,050 SF multi-tenant strip center shadow-anchored by Walmart Supercenter and Menards. Built in 2002 on 4.18 acres with 155 parking spaces, the center is 60% occupied, leaving 10,940 SF available for lease, including both end-cap units and multiple contiguous suites that can be configured for a range of tenant sizes. In-place income is led by Dollar Tree, which has operated at the site for more than 22 years, and Fujiyama Japanese Steakhouse, a tenant for more than eight years, with over four years of term remaining on both leases. The value-add thesis centers on leasing the vacant space to stabilize occupancy and grow income. Adjacent Walmart and Menards draw a combined 2.7 million annual visitors, and the property sits just off the Route 136 exit and entrance ramp with 13,400 vehicles passing daily. Kohl's, T.J. Maxx, Lowe's and Harbor Freight round out the surrounding retail node, while an average household income of $100,815 within one mile supports continued retail demand.

Location
22 W Newell Road sits just off the Route 136 exit and entrance ramp in Danville, Illinois, with 13,400 vehicles passing the site daily. The center is shadow-anchored by an adjacent Walmart Supercenter and Menards, and Kohl's, T.J. Maxx, Lowe's and Harbor Freight operate nearby. That concentration of national retail draws consistent shopper traffic to support lease-up.


Bidding Opens
Nov 18 1:00 AM
Bidding Closes
Nov 20 1:00 AM

Documents: