3091 Woodlawn RdLincoln, IL 62656

Property Details for 3091 Woodlawn Rd

Lot size

0.95 AC

Property type

Commercial real estate

APN

12-027-005-50

APU

1202700550

Description

Childers Plaza presents a compelling investment opportunity in Lincoln, Illinois. This 5,350 square foot, single-story shopping center boasts a 100% occupancy rate across four tenants, generating a strong net operating income (NOI) of $84,257 and an 8.00% capitalization rate. Built in 2008 on a 0.95-acre lot, the property features four individual bays ranging from 1,083 to 1,867 square feet, averaging 1,338 square feet each. The center benefits from a strategic location immediately off I-55, a major highway connecting Chicago to New Orleans, with a high daily traffic volume of 25,550 vehicles. Tenants include a diverse mix of businesses such as Cricket Wireless (anchoring 35% of the gross leasable area), Turbo Fire Pizza & Slots, World Finance, and others. All leases are triple-net (NNN), with 97% recapture of taxes, insurance, and common area maintenance (CAM) expenses. World Finance and Turbo Fire Pizza & Slots have recently signed lease extensions with built-in rent increases scheduled for 2025 and 2026. The average rent is $16.10 per square foot. The property's location offers excellent visibility and accessibility, with nearby national retailers including Walmart, Aldi, Starbucks, and many others. Lincoln's average household income exceeds the national average, further enhancing the property's investment potential. This fee-simple ownership opportunity offers a stable, high-performing investment with significant upside potential. The asking price is $1,053,000, representing a price per square foot of $196.82.

Location Insight

City

Lincoln

County

Logan

State

Illinois

Latitude

40.1582

Longitude

-89.4154

CBSA code

30660

CBSA name

LINCOLN, IL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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