Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1998
Tenant ALDI SÜD Dienstleistungs-SE & Co. oHG
Tenant Kohl's Corporation
Tenant Shoe Carnival, Incorporated
Building Area Net
Occupancy 95.0 %

Asset Description

JLL has been retained on an exclusive basis to offer qualified investors the opportunity to acquire Lincoln Place – a strategically positioned, grocery anchored neighborhood center in a high barrier to entry location within the St. Louis MSA. The asset is anchored by category leading anchor tenancy that includes Aldi, Kohl’s, Marshalls (S&P: A+), Total Wine & More, Ross Dress for Less (S&P: A-), Five Below, Shoe Carnival, Old Navy, and a variety of regional and national service and restaurants users. Located in Fairview Heights, IL, Lincoln Place is one of the most heavily trafficked shopping centers in the state and draws from an expansive trade area, serving nearly 500,000 residents.

Investment Highlights

143,500 SF of new and renewal leasing in the last 24 months.

• New lease with Total Wine & More

• Renewals with Ross Dress for Less, Five Below, Old Navy, Kohl's, and Marshall's

• Kohl’s recently added a Sephora location within their store, one of the first locations nationally

Outlot Bifurcation Potential

• Ability to bifurcate individual buildings and sell separately at accretive cap rates

• 5 owned outlots

Leased to 100% National Tenancy

Pandemic Proof Investment:

Strong collections of 100% during Q4 2020 due to necessity nature of tenancy

Scarcity Premium

• Only Kohl’s within an 8 mile radius

• Only Shoe Carnival, Ross Dress for Less, Old Navy & Five Below within a 15 mile radius

• Only Marshalls and Total Wine & More within a 20 mile radius

Secure Income Stream with Multiple Anchor Drawing Power

70% of In-Place Income is from anchor and junior anchor tenancy

Category Leading Shadow Anchor:

Property sits adjacent to a separately owned Lowe’s & Chick-Fil-A, driving additional regional traffic

Main and Main Retail Location

Strategically located directly south of the Interstate 64/Illinois Street interchange, providing convenient access to Southern Illinois’ most dominant retail corridor

Last Updated Date: 04 Feb 2022

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Last Updated Date: 04 Feb 2022

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