-
Unit Size: 12,350 SF
-
Condo Use: Retail
-
Price: $600,000 USD
-
Sale Type: Investment
-
Price/SF: $48.58 USD
Description
The remaining 12,350 sq. ft. of the 21, 050 sq. ft. Jackson Square shopping center is now available for an investor. It is shadow anchored at the north end by a company owned Kroger Foods (30,000± SF), at the south end by a company investor owned Rural King (49,600± SF), and a freestanding Dollar Tree built in 2019 on the Rural King periphery. Existing tenants include BoxDrop Mattress & Furniture, Sky Nails, H&R Block (opened in early 2024), and Murphy Tobacco & Vape (lease signed in late 2023). The 12,350 sq. ft. is fully leased with a NOI of approximately $60K per year. Each lease is gross with annual kickers.
The south 8,700 sq. ft of the center that includes Silver Dollar Gaming, Quality Qutz, and Sergio's Mexican Bar & Grill (Owner/User) and the 4,500 sq. ft. building & adjacent undeveloped lot on the Jackson Square periphery were sold in August 2023.
The 9+ acres south of the Rural King is quoted at $100,000 (Under Contract as of May 2024).
Jackson Square is located on the northeastern edge of Murphysboro on IL State Highways 13 & 127.
Two of the owners are licensees in the State of Illinois.
Sale Notes
The remaining 12,350 sq. ft. of the 21, 050 sq. ft. Jackson Square shopping center is now available for an investor. It is shadow anchored at the north end by a company owned Kroger Foods (30,000± SF), at the south end by a company investor owned Rural King (49,600± SF), and a freestanding Dollar Tree built in 2019 on the Rural King periphery. Existing tenants include BoxDrop Mattress & Furniture, Sky Nails, H&R Block (opened in early 2024), and Murphy Tobacco & Vape (lease signed in late 2023). The 12,350 sq. ft. is fully leased with a NOI of approximately $60K per year. Each lease is gross with annual kickers.
The south 8,700 sq. ft of the center that includes Silver Dollar Gaming, Quality Qutz, and Sergio's Mexican Bar & Grill (Owner/User) and the 4,500 sq. ft. building & adjacent undeveloped lot on the Jackson Square periphery were sold in August 2023.
The 9+ acres south of the Rural King is quoted at $100,000 (Under Contract as of May 2024).
Jackson Square is located on the northeastern edge of Murphysboro on IL State Highways 13 & 127.
Two of the owners are licensees in the State of Illinois.
Craig Hiser
CMJP Properties
