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.
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: 8.37%
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 : 8.37%
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