Cherry Tree Shopping Center - SOLD
20 Cherry Tree, Washington, IL 61571
111,707 Sq. Ft.
Kroger Anchored Shopping Center For Sale!
94% leased– Kroger occupying almost 50% remaining tenants include Monical’s, Kay’s Hallmark, US Cellular, Washington State Bank, State Farm Insurance, Bard Optical and several local retailers.
Investment Grade Tenant- Anchored by a 54,972 square foot Kroger grocery supermarket with a gas station.
2013 NOI $334,104
Excellent Demographics– Average household income of over $76,840 and over 39,340 people in five mile radius.
Upside potential to retenant– 25,200 sf. box with flexible terms to divide and maximize return
Below market rents
Big R excellent co-tenant
Broker Confidentiality Agreement
Purchaser Confidentiality Agreement