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618-277-4400

Absolute Net Lease

$2,366,000

Listing Resources

Listing Description

Single Tenant Investment Property

Excellent location on Homer Adams Parkway in Alton, Illinois.

Absolute Net lease expires April 2029 with (3) 5-Year Options. Personal Guarantee from Multi-Unit Franchisee, Additional Income Potential through Percentage Rent.

Sale Price: $2,366,000
CAP Rate: 7.0%
NOI: $165,600

Listing Details

Settings
Listing No : 2171
Sale Or Lease : For Sale
Property Type(s) : Investment, Restaurant/Bar
Building Size (Sqft) : 8,032 Sqft
Lot Size (Acres) : 2.09 Acre(s)
Total Sqft Available : 8,032 Sqft
Sale Price : $2,366,000
Sale Price Per Sqft : $294.97
CAP Rate : 7%
NOI : $165,600
Building Total Sqft : 8,032 Sqft
Total Sqft Available : 8,032 Sqft
Retail : 8,032 Sqft
Min Divisible Sqft : 8,032 Sqft
Max Contiguous Sqft : 8,032 Sqft
Parcel No : 23-2-07-06-101-012
Zoning : C-2
Zoning By : City of Alton
Complex : Golden Corral
Property Tax : $53,401
Tax Year : 2018
Year Built : 2008
Roof : Flat
Exterior : Brick
Floors : 1
Acres : 2.09 Acre(s)

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