Net Lease N Illinois

Marcus & Millichap arranges $7.4M sale of Bloomington retail center

Marcus & Millichap arranges $7.4M sale of Bloomington retail center,ph1

Marcus & Millichap announced the sale of Shops On Veterans, a 15,400-square-foot retail property located in Bloomington, Illinois. Brian Parmacek, an investment specialist in Marcus & Millichap’s Chicago Downtown office, had the exclusive listing to market the property on behalf of the seller, a private investor. The asset sold for $7,400,000.

Shops On Veterans, located at 305 N Veterans Pkwy in Bloomington, encompasses two, three-unit strip centers. The two structures enable four end caps spaces to maximize rent, as well as visibility for the tenants. Signage, professional landscaping and windows facing the busy Veterans Parkway boost curb appeal. All tenants are the original tenants and have an operating history of nearly 10 years. The center is 100 percent occupied featuring triple-net (NNN) leases and has abundant parking.