NNN Investment Opportunity in Edwardsville, IL
$2,015,200
Listing Resources
Listing Description
Brand new 10-Yr lease in place (starts May 2024)
Attractive NNN lease structure
Highly visible with convenient access to IL-157 and I-270
25 minutes from downtown St. Louis
Growing medical office corridor in well-established county seat with unparalleled demographics
Corporate Guarantee, Rent increases, and Ideal Healthcare Tenant
Broker owned
New Roof in 2023
Sale Price: $2,015,200, 6.5% cap rate
Listing Details
Listing No : 2814
Sale Or Lease : For Sale
Property Type(s) : Investment
Building Size (Sqft) : 5,038 Sqft
Lot Size (Acres) : 0.50 Acre(s)
Sale Price : $2,015,200
Sale Price Per Sqft : $400
CAP Rate : 6.50%
NOI : $130,988
Building Total Sqft : 5,038 Sqft
Total Sqft Available : 5,038 Sqft
Heating : YES
Cooling : YES
Parcel No : 14-2-15-28-01-104-007/008/011/012
Zoning : B-2
Complex : Sunset Hills Professional Centre
Parking : Exposed
Parking Surface Type : Concrete
Property Tax : $34,028
Year Built : 1995
Rehab Year : 2024
Class : A
Clearance Min : 8 ft
Clearance Max : 10 ft
Roof : Shingle
Exterior : Brick
Floors : 1
Frontage : 135 ft
Depth : 145 ft
Gross Rental Income : $130,988
-
Collin
Fischer - CCIM
- Office: 618-277-4400 Ext. 20
- Mobile: 618-420-2376
- collinf@barbermurphy.com