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618-277-4400

NNN Leased Investment Property

$2,350,000

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.

Reduced Sale Price: $2,350,000

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 : $2,350,000
CAP Rate : 8%
NOI : $189,072
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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