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618-277-4400

Retail Investment Opportunity

$335,000

Listing Resources

Listing Description

Retail Investment For Sale

Investment Opportunity. Corporate Lease with Remaining Term Until 12/22 with 2 additional 5-year Extensions. Landlord Responsible for Property Taxes, Insurance and Major Structural. Located in Retail Corridor of Community.

Sale Price: $335,000
Cap Rate: 9.8%

Listing Details

Settings
Listing No : 2185
Sale Or Lease : For Sale
Property Type(s) : Investment, Retail, Retail - Freestanding
Building Size (Sqft) : 7,315 Sqft
Lot Size (Acres) : 0.57 Acre(s)
Sale Price : $335,000
Sale Price Per Sqft : $45.80
CAP Rate : 9.80%
NOI : $32,852
Parcel No : 22-2-20-17-15-401-003.002
Zoning : C-5 Hwy Comm Dist
Zoning By : Granite City
Complex : Family Dollar
Property Tax : $12,424
Tax Year : 2018
Year Built : 1998
Roof : Flat
Exterior : Concrete Block
Floors : 1
Gross Rental Income : $50,000
Insurance : $2,724
CAM : $2,000

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