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618-277-4400

Investment - Fully Leased Retail Center

$1,375,000

Listing Resources

Listing Description

Investment Opportunity – Lakepointe Centre

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. 

Reduced Sale Price: $1,375,000
NOI: $120,862
CAP Rate: 9%

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 : $1,375,000
CAP Rate : 9%
NOI : $120,862
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 : $27,534
Tax Year : 2019
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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