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Starbucks Strip

$4,314,000

3115-3131 Broadway Street, Quincy, IL 62301

Active
Last Updated: 01/23/2025

7

Cap Rate

301,952

NOI

Details:
Cap Rate:    7%
NOI:    $301,952
Building Size:    8,651 sqft
Lot Area:    0.8 acres
Occupancy:    100%
Lease Type:    Triple Net
Tenancy:    Multiple
Highlights:
  • 100% occupied retail strip center with long-term tenancies
  • 75% of the tenants have operated at the site 15+ years showing long-term dedication to the subject property
  • All leases feature a triple net structure with Landlord only responsible for roof & structure
  • All corporate leases with national brands
  • Subject property features significant frontage on Broadway Street – 26,778 VPD
  • 51,709 residents and $76,804 average household incomes within a 5-mile radius of the subject property
Description:

A four-tenant retail strip center that serves as an outparcel to Quincy Town Center, a 1.5M SF shopping center that boasts 1.5M annual visitors per Placer.ai. Three of the four tenants are reputable national tenants (Starbucks, US Cellular, and H&R Block) that drive traffic to the center along with the national anchors which include Joann and ALDI.

Map:
Documents:
Title
StarbucksStrip_QuincyIL.pdf
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Location
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