Sears

Sears (Illinois Star Centre Mall)

Sears IL Appraisal
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Sears IL Appraisal 2
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SEARS – ILLINOIS STAR CENTRE MALL
3000 W. DeYoung St #500, Marion, IL 62959

PRICE Make Offer
GLA 91,010 SF
PROPERTY TYPE Single Tenant Retail Property
CAP RATE n/a
LEASE TYPE Gross
LEASE EXPIRATION July 2021
YEAR BUILT 1991
DEMOGRAPHICS
Total Population
1 – mi. – 1,297
3 – mi. – 10,698
5 – mi. – 31,936
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INVESTMENT HIGHLIGHTS

  • 91,010 square-foot single story retail store leased to Sears located at the Illinois Star Centre Mall in Marion, Illinois.
  • Illinois Star Centre Mall serves as the only retail center for the Marion-Herrin, IL metro area and is home to over 50 stores including anchor tenants Sears, Dillard’s (owns their own space) and Target (owns their own space).
  • Superior visibility: Located directly off Interstate 57 – Major thoroughfare throughout Illinois.
  • Illinois Star Centre Mall is located in Marion, the Economic Capital of Southern Illinois.
  • Sears has been in this location since 1991 and in 2011 they elected to extend their lease for an additional term of 10 years (with 2 reaming each with 10 year terms).
  • New roof with long term warranty.

City:Marion
State:IL
Square Feet:91,010 SF
Price:Make Offer
Cap Rate:n/a

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