Acquisition Date: April 2021
The property is a 5,676 square foot single-tenant restaurant occupied by a freestanding Bandana’s Bar-B-Q on 55,365 square feet of land located in Bloomington, Illinois. The site is at a signalized intersection heading into the Empire Crossings retail center along Veterans Parkway and Empire Street. This is the “main and main” intersection in the Bloomington-Normal metropolitan area. It’s located as an outparcel to Empire Crossings with over 250,000 square feet of retail anchored by Dick’s Sporting Goods, DSW, HomeGoods, Ashley HomeStore, PetSmart, and Five Below. The property has excellent visibility to both Veterans Parkway and Empire Street, at the “point position” of the area’s highest-trafficked retail intersection with 70,000 vehicles per day. The acquisition is Core’s second acquisition in the Bloomington-Normal market.