Effingham Shops – Effingham, IL

Overview

Effingham Shops is a 42,832 square foot retail center located in Effingham, Illinois. This center is comprised of three suites with one hundred percent of the shopping center’s GLA occupied by national tenants. Goodwill, which occupies 21,500sf or 50% of the center, just extended their lease to September 30, 2030. Dollar General has been located in the center since 2004 and recently extended their lease early until October 31, 2021. They have one five-year option to extend remaining. Planet Fitness just signed a ten-year lease commencing mid-2018 with the expiration of May 31, 2028 leaving more than 9 years of lease term. This is an excellent opportunity to acquire a center occupied by three nationally recognized tenants at below-market rents in a stable, growing market and maintain a hedge against inflation with full triple-net leases and rental increases throughout the primary and renewal terms. Potential investors should find security in the amount of lease term left on the Goodwill and Planet Fitness leases, and in Dollar General’s 15 year successful operating history at this location. Effingham Shops is surrounded by a mix of local, regional and national retailers including 18 hotels and 66 restaurants within three miles of the subject property. Effingham is located halfway between Indianapolis, Indiana and St. Louis, Missouri. It not only services the surrounding counties but is a highly trafficked market for motorist traveling along I-70, which is the major east/west thoroughfare of the Midwestern United States.

List of Tenants

• Goodwill
• Dollar General
• Planet Fitness

Leasing Brokers

Nathan Whalen
(317) 218-5329

Jeremie Johnson
(317) 218-5342

Madison Shurtz
(317) 218-5325