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618-277-4400

Investment - Fully Leased Retail Center

$1,475,000

Listing Resources

Listing Description

Investment Opportunity

15,600 SF Fully Leased O’Fallon Retail Center on Hwy 50. Located by new McKendree Metro Rec Plex in a growing corridor of O’Fallon with good access to I-64.

Current tenants include B&B Import, Taylor Dance Academy, East Gate Grocery, Iron Sharp Fitness, Shana’s Hair Salon, Tan Solutions, CNH Photography, 88 Keys, and FM Exteriors.

Exterior and Interior improvements completed in 2019. 

Sale Price: $1,475,000

Listing Details

Settings
Listing No : 1690
Sale Or Lease : For Sale
Property Type(s) : Investment, Retail, Retail - Shopping Center
Building Size (Sqft) : 15,600 Sqft
Lot Size (Acres) : 1.40 Acre(s)
Total Sqft Available : 15,600 Sqft
Sale Price : $1,475,000
CAP Rate : 8.30%
NOI : $121,568
Building Total Sqft : 15,600 Sqft
Total Sqft Available : 15,600 Sqft
Office : 15,600 Sqft
Retail : 15,600 Sqft
Min Divisible Sqft : 15,600 Sqft
Max Contiguous Sqft : 15,600 Sqft
Parcel No : 04-33.0-201-001
Zoning : B-1
Zoning By : City of O'Fallon
Complex : Lakepointe Centre
Parking : 62
Parking Surface Type : Asphalt
Property Tax : $26,828
Tax Year : 2018
Traffic Count : 10,300
Year Built : 2003
Clearance Min : 8 ft
Clearance Max : 12 ft
Exterior : Brick/Block
Floors : 1
Interstate : I-64
Airport : St. Louis MidAmerica
Gross Rental Income : $158,220
Insurance : $3,435
CAM : $4,960
Utilities : $1,429

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