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618-277-4400

NNN Investment Opportunity

$675,000

Listing Resources

Listing Description

NNN Investment

Gaming Lounge in Swansea located on IL Route 159. High Traffic/Heavy Retail Location only 1.5 miles from St. Clair Square and I-64. Initial lease term end in December 2022 with a 2-3 year option to extend with rent increases.

Sale Price: $675,000
NOI: $45,698
CAP Rate: 6.75%

Listing Details

Settings
Listing No : 2409
Sale Or Lease : For Sale
Property Type(s) : Investment
Lot Size (Acres) : 0.91 Acre(s)
Sale Price : $675,000
CAP Rate : 6.75%
NOI : $45,698
Parcel No : 08-04.0-210-048
Zoning : PB
Zoning By : Swansea
Parking : 26
Parking Surface Type : Concrete
Year Built : 1998
Rehab Year : 2020
Roof : Flat
Exterior : EIFS
Floors : 1
Interstate : I-64

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