belleville market place - jeff eisenberg & associates · 2017-05-02 · belleville market place...

Belleville Market Place Shopping Center

6401 West Main Belleville, Illinois 62223

Jeff Eisenberg P: (314) 721-5611 C: (314) 640-8510 [email protected] www.jeisenberg.com

mailto:[email protected]

FOR SALE/LEASE

Russell Blvd

1854 Russell Blvd, St. Louis, MO 63104

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Belleville Market Place

6401 West Main, Belleville, IL 62223

PROPERTY SUMMARY:

For Lease! 35,376-square-foot anchor space and two in-line spaces (1,400 and 4,200 square feet) at

Belleville Market Place, a 59,996-square-foot shopping center on 5.70 acres in the heart of Belleville,

Illinois. Current tenants include Subway, Family Dollar and the popular Shenanigan’s bar and

restaurant.

Belleville Market Place is located on West Main between 64th & 66th streets, approximately one

half mile northwest of the signalized intersection at Frank Scott Parkway and one mile southeast of

St. Clair Country Club. Easy ingress from both Main and 64th

streets with ample surface parking in

front of the shopping center, next to Marco’s on Main Italian Restaurant.

Neighboring businesses include Willowcreek Rehab & Nursing, Healthsouth Surgery Center, First

Bank, US Bank and Sonic Drive-In. Belleville, voted All-America City in 2011, is located 20 miles east

of Downtown St. Louis. It is the most populated city in southern Illinois.

ASKING ECONOMICS:

Lease Rate: $12.00 / SF NNN

CAM: $1.50

Taxes: $1.09

Insurance: $0.20

TRAFFIC COUNTS:

West Main: 20,125 VPD

Jeff Eisenberg

P:314.721.5611

C:314.640.8510

[email protected]

www.jeisenberg.com

FOR LEASE

DUPO—ILLINOIS

301 SOUTH MAIN STREET, DUPO, IL 62239

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6401 West Main, Belleville, IL 62223

Jeff Eisenberg

P:314.721.5611

C:314.640.8510

[email protected]

www.jeisenberg.com

DEMOGRAPHIC SNAPSHOT:

1 Mile 2 Mile 3 Mile

Population 7,218 23,125 41,730

Number of Households 3,188 10,359 17,754

Average Household Income $47,456 $43,544 $46,860

Average Home Value $121,596 $117,130 $117,860

Total Businesses 319 761 1,261

Number of Employees 5,115 10,061 14,968

Belleville Market Place consists of approximately 59,996 square feet of retail space with available suites ranging from 1,400 to 35,376 square feet. The current parking ratio is 3/1,000 which accommodates several retailers. This neighborhood shopping center is anchored by Family Dollar, Shenanigan’s, and Subway. Belleville Market Place offers excellent frontage and ingress on the major thoroughfare of West Main Street. With a population of 41,730 earning an average of $46,860 annually this neighborhood center is an ideal retail shopping destination.

Property Address: 6401 West Main Belleville, IL 62223 Building Area: +/- 59,996 square feet of gross leasable area Land Area: 5.7 Acres or 248,292 SF Year Built: 1972 Locator Number: 07-12.0-213-026 Occupancy: 32% Current Tenants: Family Dollar Shenanigan’s Sports Bar Subway Marco’s Pizza Demographics: 41,730 Residents * $46,860 Median Income* *Three mile radius Ingress: West Main: Excellent 64th Street: Excellent 66th Street: Good Traffic Counts: West Main: 20,125 VPD


Shape: Inline Construction: Masonry Frame

Concrete block weight bearing walls Flat roof Reinforced concrete slab floor

Frontage: West Main: 345.8 feet 66thStreet: 190 feet

Parking: Parking spaces: 190 total; 9 handicap & 181 standard Ratio: 3/1,000 SF Lot: Striped asphalt 6” Asphalt curb Exterior: Walls: Split faced concrete block, painted Windows: Insulated plate glass in aluminum frame Customer Access: Pedestrian doors Canopy/Roof: Covered wood & steel False mansard wall along top of building Interior: Walls: Taped & painted gypsum board walls Flooring: Commercial grade carpet

Vinyl & ceramic tile Hardwood Painted concrete

Ceiling: Height: 12 to 20 feet Acoustical tile

High drop Lighting : Recessed fluorescent

Strip fluorescent Mounted hanging fixtures

Plumbing: Two-fixture restroom(s) * Water heater * Sprinkler System: Suites A and B only Loading Facilities: Three foot wide hollow core metal door(s) * HVAC: Roof mounted AC unit(s) * Electrical: 200 Amp *Quantity/size vary per suite requirements


Lease Terms: Minimum of three years (preferably five years) Lease Type: Triple Net Common Area Maintenance Tenant shall be responsible for the payment of its pro

rata share of Common Area Maintenance (CAM) estimated to be $1.50 per square foot, beginning on Tenant’s date of possession and continuing throughout the term of this lease

Real Estate Taxes: Tenant shall be responsible for the payment of it’s pro

rata share of the real estate taxes estimated to be $1.09 per square foot, beginning on Tenant’s date of possession and continuing throughout the term of this lease.

Insurance: Tenant shall be responsible for the payment of it’s pro

rata share of the insurance estimated to be $0.20 per square foot, beginning on Tenant’s date of possession and continuing throughout the term of this lease.

Total Triple Net Charges: Tenant to pay their pro-rata share of the operating

expenses. Total operating expenses passed through are approximately $2.79 per square foot (subject to increase)

Financial Underwriting: Prior to lease execution, tenant shall be required to

provide sufficient financial information with respect to the tenant signing the lease.

Security Deposit: Upon execution of the lease, a security deposit equal to

last month’s rent shall be due to the landlord. Advance Rent: Upon execution of the lease, the sum equal to the first

month’s rent shall be due to the landlord for the first month’s occupancy.

Belleville Market Place Terms

Suite ASuite B

Suite C

Sui

te D

Sui

te E

Sui

te F

Sui

te G

& H

Tenant Suite SFAvailable Suite A 35,376Family Dollar Suite B 10,220Available Suite C 4,200Available Suite D 1,400Subway Suite E 1,400Marco's Pizza Suite F 1,150Shenigan's Suite G & H 6,250Total 59,996Parking Spaces: 235Parking Ratio: 3.98/1000

Available

Suite A 35,376 SF

Family Dollar Suite B

10,220 SF

Property Photos

Available

Suite C 4,200 SF

Available Suite D

1,400 SF

Subway Suite E

1,400 SF

Marco’s Pizza Suite F

1,150 SF

Shenanigan’s Suite G & H

6,250 SF

0

5000

10000

15000

20000

25000

30000

35000

40000

Suite A Suite B Suite C Suite D Suite E Suite F Suite G & H

Belleville Market Place - Suite Comparison

Leased Available

Copyright © and (P) 1988–2010 Microsoft Corporation and/or its suppliers. All rights reserved. http://www.microsoft.com/mappoint/Certain mapping and direction data © 2010 NAVTEQ. All rights reserved. The Data for areas of Canada includes information taken with permission from Canadian authorities, including: © Her Majesty the Queen in Right of Canada, © Queen's Printer for Ontario. NAVTEQ and NAVTEQ ON BOARD are trademarks of NAVTEQ. © 2010 Tele Atlas North America, Inc. All rights reserved. Tele Atlas and Tele Atlas North America are trademarks of Tele Atlas, Inc. © 2010 by Applied Geographic Systems. All rights reserved.

Belleville Market Place, Zoom Out

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Belleville Market Place, Zoom Mid

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Belleville Market Place, Zoom In

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Belleville Market Place: Traffic Counts

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Belleville Market Place: 5, 10, & 15 Minute Drive Time

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Belleville, IL - Crime Data

$5.50

31.7%

40,976 SF

1982

59,996 SF

Freestanding

General Retail

Rent/SF/Yr:

% Leased:

Total Available:

Year Built:

GLA:

Secondary:

Building Type:

Radius 1 Mile 3 Mile 5 Mile

Population

2016 Projection 7,296 42,510 100,656

2011 Estimate 7,218 41,730 100,018

2010 Census 7,227 41,662 100,338

Growth 2011 - 2016 1.10% 1.90% 0.60%

Growth 2010 - 2011 -0.10% 0.20% -0.30%

2011 Population by Age 7,218 41,730 100,018

Age 0 - 4 394 5.46% 2,453 5.88% 6,061 6.06%

Age 5 - 9 389 5.39% 2,303 5.52% 5,998 6.00%

Age 10 - 14 410 5.68% 2,498 5.99% 6,328 6.33%

Age 15 - 19 437 6.05% 2,698 6.47% 6,623 6.62%

Age 20 - 24 387 5.36% 2,543 6.09% 6,364 6.36%

Age 25 - 34 936 12.97% 5,565 13.34% 13,570 13.57%

Age 35 - 44 918 12.72% 5,109 12.24% 12,280 12.28%

Age 45 - 49 552 7.65% 3,161 7.57% 7,576 7.57%

Age 50 - 54 549 7.61% 3,281 7.86% 7,785 7.78%

Age 55 - 59 498 6.90% 2,945 7.06% 6,946 6.94%

Age 60 - 64 404 5.60% 2,315 5.55% 5,406 5.41%

Age 65 - 74 554 7.68% 3,182 7.63% 7,211 7.21%

Age 75 - 84 543 7.52% 2,574 6.17% 5,419 5.42%

Age 85 and over 249 3.45% 1,103 2.64% 2,450 2.45%

Age 65 and over 1,346 18.65% 6,859 16.44% 15,080 15.08%

Median Age 42.10 40.60 39.20

Average Age 41.90 40.50 39.50

Demographic Detail Report

Belleville Market Plaza6401-6405 W Main St, Belleville, IL 62223

This copyrighted report contains research licensed to Jeff Eisenberg & Associates - 563760.1/15/2013

Page 1




2011 Population By Race 7,218 41,730 100,018

White 5,266 72.96% 28,359 67.96% 63,535 63.52%

Black or African American 1,666 23.08% 11,560 27.70% 31,929 31.92%

American Indian and Alaska Native 13 0.18% 98 0.23% 280 0.28%

Asian 50 0.69% 408 0.98% 1,179 1.18%

Native Hawaiian and Pacific Islander 6 0.08% 26 0.06% 73 0.07%

Other Race 49 0.68% 306 0.73% 765 0.76%

Two or More Races 170 2.36% 974 2.33% 2,255 2.25%

2011 Population by Hispanic Origin 7,220 41,731 100,016

Not Hispanic or Latino 7,057 97.74% 40,762 97.68% 97,653 97.64%

Hispanic or Latino 163 2.26% 969 2.32% 2,363 2.36%

2011 Age 5+ Language at Home 6,602 36,349 89,081

Speak Only English 6,465 97.92% 35,177 96.78% 86,041 96.59%

Speak Asian or Pacific Island 17 0.26% 177 0.49% 558 0.63%

Speak IndoEuropean 60 0.91% 516 1.42% 1,151 1.29%

Speak Spanish 59 0.89% 457 1.26% 1,278 1.43%

Speak Other Language 1 0.02% 22 0.06% 53 0.06%

2011 Median Age, Male 39.40 38.20 37.00

2011 Average Age, Male 39.90 38.60 37.80

Median Age, Female 44.30 42.70 41.10

Average Age, Female 43.70 42.20 41.00

2011 Population by OccupationClassification (Age 16+)

3,578 19,617 45,229

Blue Collar 594 16.60% 3,601 18.36% 9,545 21.10%

White Collar 2,514 70.26% 12,280 62.60% 27,146 60.02%

Service 470 13.14% 3,736 19.04% 8,538 18.88%

2011 Population by Marital Status(Age 15+)

5,716 31,560 76,678

Total, Never Married 1,460 25.54% 9,370 29.69% 24,536 32.00%

Married 3,106 54.34% 15,751 49.91% 36,377 47.44%

Widowed 525 9.18% 2,737 8.67% 6,223 8.12%

Divorced 625 10.93% 3,702 11.73% 9,542 12.44%


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2011 Population by Education 5,094 27,273 64,235

Less Than 9th Grade 150 2.94% 739 2.71% 2,100 3.27%

Some High School, No Diploma 190 3.73% 1,464 5.37% 4,925 7.67%

High School Grad (Incl Equivalency) 1,412 27.72% 7,557 27.71% 18,284 28.46%

Some College, No Degree 1,100 21.59% 6,953 25.49% 17,411 27.11%

Associate Degree 467 9.17% 2,971 10.89% 6,459 10.06%

Bachelor Degree 1,158 22.73% 4,929 18.07% 9,914 15.43%

Advanced Degrees 617 12.11% 2,660 9.75% 5,142 8.00%

2011 Population by Occupation(Age 16+)

4,048 23,352 53,766

Management, Business, & Financial 1,444 35.67% 6,335 27.13% 14,511 26.99%

Professional & Related Occupations 104 2.57% 692 2.96% 1,538 2.86%

Services 1,664 41.11% 11,299 48.39% 24,879 46.27%

Sales & Office 312 7.71% 2,094 8.97% 4,952 9.21%

Farming, Fishing, and Forestry 0 0.00% 0 0.00% 64 0.12%

Construction and Extraction, Maint 191 4.72% 1,017 4.36% 2,309 4.29%

Production & Transportation 333 8.23% 1,915 8.20% 5,513 10.25%

2011 Workers by Travel Time toWork (Age 16+)

3,576 20,137 47,220

Less Then 15 Minutes 1,114 31.15% 5,915 29.37% 13,649 28.91%

15 to 29 Minutes 1,228 34.34% 7,090 35.21% 16,770 35.51%

30 to 44 Minutes 667 18.65% 3,741 18.58% 7,841 16.61%

45 to 59 Minutes 193 5.40% 1,272 6.32% 3,442 7.29%

60+ Minutes 374 10.46% 2,119 10.52% 5,518 11.69%

2000 Households by HH Size 3,194 17,733 41,692

1-Person Households 1,084 33.94% 5,846 32.97% 13,321 31.95%

2-Person Households 1,070 33.50% 5,872 33.11% 13,503 32.39%

3-Person Households 499 15.62% 2,838 16.00% 6,761 16.22%

4-Person Households 333 10.43% 1,954 11.02% 4,718 11.32%

5-Person Households 141 4.41% 791 4.46% 2,148 5.15%

6-Person Households 45 1.41% 282 1.59% 777 1.86%

7 or more Person Households 22 0.69% 150 0.85% 464 1.11%

2011 Average Household Size 2.19 2.30 2.35


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Households

2016 Projection 3,221 18,164 42,133

2011 Estimate 3,188 17,754 41,553

2010 Census 3,194 17,733 41,693

Growth 2011 - 2016 1.10% 2.30% 1.40%

Growth 2010 - 2011 -0.20% 0.10% -0.30%

2011 Households by HH Income 3,187 17,754 41,553

Income: Less than $15,000 281 8.82% 2,120 11.94% 6,266 15.08%

Income: $15,000 - $24,999 537 16.85% 2,351 13.24% 5,459 13.14%

Income: $25,000 - $34,999 326 10.23% 2,154 12.13% 5,281 12.71%

Income: $35,000 - $49,999 516 16.19% 2,687 15.13% 6,351 15.28%

Income: $50,000 - $74,999 695 21.81% 3,580 20.16% 8,007 19.27%

Income: $75,000 - $99,999 387 12.14% 2,212 12.46% 4,661 11.22%

Income: $100,000 - $149,999 262 8.22% 1,684 9.49% 3,495 8.41%

Income: $150,000 - $199,999 92 2.89% 520 2.93% 1,112 2.68%

Income: $200,000+ 91 2.86% 446 2.51% 921 2.22%

2011 Avg Household Income $61,985 $61,491 $57,633

2011 Med Household Income $47,456 $46,860 $42,693

2011 Per Capita Income $27,564 $26,967 $24,652

2011 Occupied Housing 3,187 17,754 41,553

Owner Occupied 2,329 73.08% 12,081 68.05% 27,096 65.21%

Renter Occupied 858 26.92% 5,673 31.95% 14,457 34.79%

2000 Housing Units 3,541 18,848 44,573

1 Unit Attached 142 4.01% 583 3.09% 1,209 2.71%

1 Unit Detached 2,789 78.76% 13,130 69.66% 31,180 69.95%

2 Units 102 2.88% 701 3.72% 2,140 4.80%

3 - 19 Units 397 11.21% 3,195 16.95% 6,328 14.20%

20 - 49 Units 76 2.15% 273 1.45% 667 1.50%

50 or more Units 2 0.06% 147 0.78% 643 1.44%

Mobile Home or Trailer 33 0.93% 819 4.35% 2,406 5.40%

Boat, RV, Van, Etc. 0 0.00% 0 0.00% 0 0.00%


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2011 Housing Value - OwnerOccupied

2,613 12,418 27,875

Value Less than $20,000 2 0.08% 222 1.79% 952 3.42%

Value $20,000 - $39,999 13 0.50% 350 2.82% 1,286 4.61%

Value $40,000 - $59,999 56 2.14% 494 3.98% 1,778 6.38%

Value $60,000 - $79,999 268 10.26% 1,663 13.39% 4,166 14.95%

Value $80,000 - $99,999 543 20.78% 2,134 17.18% 4,305 15.44%

Value $100,000 - $149,999 1,030 39.42% 3,770 30.36% 7,241 25.98%

Value $150,000 - $199,999 392 15.00% 1,923 15.49% 3,575 12.83%

Value $200,000 - $299,999 201 7.69% 1,412 11.37% 3,165 11.35%

Value $300,000 - $399,999 74 2.83% 291 2.34% 878 3.15%

Value $400,000 - $499,999 14 0.54% 58 0.47% 247 0.89%

Value $500,000 - $749,999 20 0.77% 101 0.81% 214 0.77%

Value $750,000 - $999,999 0 0.00% 0 0.00% 14 0.05%

Value $1,000,000 or more 0 0.00% 0 0.00% 54 0.19%

2011 Med Housing Val-OwnerOccupied

$121,596 $117,860 $109,371

2011 Housing Units by Yr Built 3,541 18,849 44,574

Built 2005 to Present 17 0.48% 217 1.15% 897 2.01%

Built 2000 to 2004 64 1.81% 628 3.33% 2,775 6.23%

Built 1990 to 1999 73 2.06% 1,848 9.80% 4,069 9.13%

Built 1980 to 1989 199 5.62% 1,900 10.08% 4,598 10.32%

Built 1970 to 1979 345 9.74% 2,844 15.09% 5,595 12.55%

Built 1960 to 1969 798 22.54% 3,446 18.28% 6,674 14.97%

Built 1950 to 1959 1,385 39.11% 4,306 22.84% 8,770 19.68%

Built 1940 to 1949 286 8.08% 1,489 7.90% 3,533 7.93%

Built 1939 or Earlier 374 10.56% 2,171 11.52% 7,663 17.19%

2011 Median Year Built 1958 1964 1963


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belleville market place - jeff eisenberg & associates · 2017-05-02 · belleville market place...

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