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618-277-4400

Sale-Leaseback Opportunity

$1,400,000

Listing Resources

Listing Description

Sale-Leaseback Opportunity

Net Lease Investment Offering – True NNN Lease (10 Year Lease). 11,200 SF Fully Leased Building on 2 Acres. 

Tenant will sign a new 10 year true NNN lease $120,000 / year NOI with 2% annual increases for entire building. Main tenant is Lucky Dog Barks and Recreation occupying 8,000 SF and sub-leases 3,200 SF to long term tenant Banging Body Boot Camp. Both tenants have occupied the building for over 12 years with successful track record and long term clientele. Tenant will pay all building expenses directly.

Sale Price: $1,400,000
Annual NOI: $120,000
CAP Rate: 8.5%
*Broker has an Ownership Interest

Listing Details

Settings
Listing No : 2283
Sale Or Lease : For Sale
Property Type(s) : Investment, Office
Building Size (Sqft) : 11,200 Sqft
Lot Size (Acres) : 2 Acre(s)
Sale Price : $1,400,000
Sale Price Per Sqft : $125
CAP Rate : 8.55%
NOI : $120,000
Parcel No : 08-03.0-112-001
Zoning : Hwy Business
Zoning By : Swansea
Parking : 4/1,000
Parking Surface Type : Asphalt
Year Built : 2007
Rehab Year : 2012
Exterior : Brick & Hardy Board
Floors : 1
Interstate : I-64
Airport : St. Louis MidAmerica

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