Market Street Plaza is currently owned and anchored by SAV-ON Liquors & Wine, a 10-unit regional chain that also owns and operates Champions Corner Grill & Pub. The Sav-On ownership purchased the Plaza in 2023 and is now selling (Sale & Lease-Back) to fuel additional expansion in the STL region. The two long term leases are backed by Personal Guarantees by a strong net-worth operator. The property produces approximately $295,932 in stabilized annual NOI, supported by a diversified tenant roster spanning medical, healthcare, restaurant, beverage, and wireless retail uses.

The investment offers an attractive approximately 6.9-year rent-weighted average lease term (WALT), with several tenants committed through 2031 and beyond, including Sav-On Liquor and Wine through 2036 and Champions Pub through 2033.

Tenant-paid NNN/CAM reimbursements offset property operating expenses, providing investors with predictable cash flow, limited landlord expense exposure, and diversified income from five separately leased suites.

7.6% capitalization rate.
Contact broker for rent roll and financials.

Positioned along the highly visible Illinois Route 3 commercial corridor in Waterloo, IL., this asset benefits from its superb Walmart shadow location and convenient access throughout the growing Monroe County communities. Waterloo is approximately 8 miles south of Columbia, 13 miles northwest of Red Bud, 20 miles from Belleville and 25 miles from downtown St. Louis, with Interstate 255 approximately 10 miles north.

Sale Price: $3,900,000