RealtyLink Development

Kohl’s Strip Center

2470-2474 Veterans Drive
Galesburg, IL 61401

Property: Investment Sales

Square Footage: +/- 48,809

Acreage: +/- 4.60

Price: $7,894,000

Cap Rate: 7.0%

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 Kohl’s responsible for CAM
  • Anchored by Kohl’s (NYSE: KSS, S&P: BBB-) and shadow anchored by Walmart, Menards, Galesburg Toyota
  • Located 2.5 miles from downtown Galesburg and 2 miles west of I-74
  • 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 about 4,800 students

Kohl’s Strip Center

Downloads

Investment Package         

Contact

Phil Sambazis
Senior Managing Director
(858) 373-3174 - Main
phil.sambazis@marcusmillichap.com