309 Homer M Adams PkwyAlton, IL 62002

Alton Corners, a Class A, multi-tenant shopping center in Alton, Illinois, presents a compelling investment opportunity. This stabilized, 50,063 square foot property boasts a strong tenant mix including DaVita, Applebee's, and Petco, all operating under NNN leases. Built in 2002, the two single-story buildings sit on a 7.09-acre lot at 309 Homer M Adams Pkwy, 62002, benefiting from high visibility and significant daily traffic counts of 25,400 vehicles. The property features 14 units and offers an attractive 8.50% cap rate with a current NOI of $839,280 and an asking price of $9,875,000 ($197.25/sq ft). Its strategic location on a main retail corridor, adjacent to Alton Square Mall and other major retailers like Target, Lowe's, Home Depot, and Kohl's, ensures consistent foot traffic and strong potential for future growth. The e-commerce resistant tenant mix, minimal near-term lease rollover, scheduled rent increases, and below-market rents further enhance the investment appeal. This is a rare opportunity to acquire a well-positioned, high-performing retail asset in a thriving market.