NNN Leased Investment Property
$2,150,000
Listing Resources
Listing Description
Investment Property
Single tenant office building with long term tenant. Recently signed a five year extension through 12/31/29. Triple-net lease structure where tenant pays all utilities, maintenance and taxes. LED lighting installed 2018. Landlord responsible for roof and structure. Lot 3 RE tax bill is $265.60
Located in the heart of the Midwest, proximity to St. Louis (30 miles East), and within 500 mile radius of ten major U.S. markets.
Reduced Sale Price: $2,150,000
CAP Rate: 8.36%
Listing Details
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 : $2,150,000
CAP Rate : 8.36%
NOI : $179,735
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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Collin
Fischer - CCIM
- Office: 618-277-4400 Ext. 20
- Mobile: 618-420-2376
- collinf@barbermurphy.com
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Mike
Durbin
- Office: 618-277-4400 Ext. 39
- Mobile: 618-960-8675
- miked@barbermurphy.com