Kohl’s Strip Center
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Sambazis Retail Group

Leaders in Retail Investment Sales

Kohl’s Strip Center

Multi-Tenant Offerings

Kohl’s Strip Center

2470-2474 Veterans Drive

Galesburg, IL

Price:
$8,409,000
Cap Rate:
7.14%
NOI:
$600,302
Rentable SQFT:
48,809 SF
Year Built:
2016
Lot Size:
4.60 +/- Acres
Status:
Available
Investment Highlights
  • 100% Occupied by Kohl’s, Pet Supplies Plus, and Shoe Sensation
  • Originally 15 and 10-Year Leases with Increases Every 5 Years
  • Kohl’s Occupies New Smaller Prototype Store, Accounts for 74% of the GLA
  • 70% Increase in Year-Over-Year Revenue for Kohl’s, Amazon Partnership Allows Shoppers to Return Items at Kohl’s Creating New Customers
  • Pet Supplies Plus Recently Acquired by Franchise Group, Inc. (NASDAQ: FRG), Average-Unit Volume is $2.4 Million and Company Opening 100 New Stores in 2021
  • 2016 High-Quality Construction, Limited Landlord Responsibilities
  • Outparcel to Walmart Supercenter and New Menards Serving a Trade Area with Approximately 100,000 Residents
  • Strategic Location, Nearest Kohl’s is Approximately 45 Miles Away
  • Across from OSF St. Mary’s Regional Medical Campus Serving 7 Counties
  • 1.5 Miles to Galesburg Cottage Hospital, a 173-Bed Full-Service Facility
  • Close Proximity to 4,800 Students at Carl Sandburg and Knox Colleges
  • Hard Corner Location at Signalized IntersectioExcellent Access to Hwy. 34 and I-74 with 28,300 Cars/Day
  • 45 Miles Northwest of Peoria and 50 Miles South of Davenport, IA
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    The information contained in the following Marketing Package is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Sambazis Retail Group and should not be made available to any other person or entity without the written consent of Sambazis Retail Group. This Marketing Package has been prepared to provide a summary to prospective purchasers and to establish a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Sambazis Retail Group has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Package has been obtained from sources we believe to be reliable; however, Sambazis Retail Group has not verified, and will not verify, any of the information contained herein, nor has Sambazis Retail Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All prospective buyers must take appropriate measures to verify all of the information set forth herein.

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For more information, please contact:

Phil Sambazis

Executive Managing Director

(858) 373-3174

Email & Bio »

Steven Weinstock

Broker of Record

License: IL 471.011175