RealtyLink Development

Seminary Square - New Construction Kohl's Anchored Center

2470-2474 Veterans Drive
Galesburg, IL 61401

Property: Investment Sales

Square Footage: +/- 48,825

Acreage: +/- 4.60

Price: $8,500,000

Cap Rate: 6.50%

Anchor Tenants: Kohl's, Walmart & Menards (Shadow Anchor)

Description:

  • 2016 class A construction in the new development area of the market and 100% leased to 3 national credit tenants
  • Long term corporate leases with various rent bumps and multiple renewal options
  • Minimal property management with 100% passed thru operating expenses
  • Anchored by Kohl’s (NYSE: KSS, S&P: BBB stable) and shadow anchored by Walmart, Menards and Galesburg Toyota
  • Located 2.5 miles from downtown Galesburg, 2 miles west of I-74 and 1 mile east of Sandburg Mall anchored by JC Penney, Kmart and Bergner’s
  • Directly across US Hwy 34 from St. Mary Medical Center, a 99-bed acute care hospital serving a 7 county region
  • Galesburg is the county seat of Knox County and home to Carl Sandburg and Knox Colleges totaling approximately 4,800 students