6.5 Cap | Hobby Lobby | Mt Vernon IL

3917 Broadway Street, Mount Vernon, IL

$4,461,685

Price

6.5%

Cap Rate

$290,009.50

NOI

Gallery
Street
Map
Overview
Cap Rate
6.5%
NOI
$290,009.50
Building Size
52,729 sqft
Lot Area
1.24 acres
Occupancy
100%
Lease Type
Triple Net
Tenancy
Single
Gross Leaseable Area
52729
Lease Expire Year
06/30/2034
Description

The Twist Capital Team of Colliers is pleased to offer for sale to qualified investors the opportunity to acquire this Hobby Lobby asset with minimal landlord responsibilities located in Mt Vernon,
Illinois.

The property, located within Times Square Marketplace, offers a strategic and accessible location, making it an appealing option for retail investment. Mt Vernon is a city known for its economic
stability and growth potential, exhibiting a resilient local economy supported by diverse industries and a steadily growing population. A favorable business environment, combined with ongoing community development initiatives, positions 3917 Broadway as an attractive location for retail investments.

Highlights
  • Hobby Lobby is #64 on Forbes list of America's largest private companies
  • Surrounded by major retailers
  • 5-mile average household income of $67,331
  • Located on Interstate 57, a major north-south arterial roadway
  • New 10-year lease extension showing a strong commitment to the site
  • Zero mall common area maintenance responsibility
Documents
Title
Hobby_Lobby_Mt_Vernon_IL_Rev_OM.pdf
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery