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618-277-4400

NNN Leased Investment Property

$2,550,000

Listing Resources

Listing Description

Investment Property

Single Tenant Office Building with long term tenant. Recently signed extension through 2024. Triple-net lease structure where tenant pays all utilities, maintenance and taxes. Landlord responsible for roof and structure.

LED lighting installed in 2018 and roof was replaced in 2004.

Sale Price: $2,550,000

Listing Details

Settings
Listing No : 2431
Sale Or Lease : For Sale
Property Type(s) : Investment
Building Size (Sqft) : 12,827 Sqft
Lot Size (Acres) : 2.10 Acre(s)
Sale Price : $2,550,000
CAP Rate : 7.40%
Parcel No : 02-2-18-32-00-000-033; 034
Zoning : C-3 Highway Business
Zoning By : City of Highland
Industrial Park : Highland Business Park
Parking : 58
Parking Surface Type : Asphalt
Year Built : 1989
Rehab Year : 2016
Exterior : Brick
Floors : 1

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