Outdated Browser

Some features of this site may not be available with your current browser.
In order to receieve the best experience, please update to a newer browser.

618-277-4400

Investment Opportunity - True NNN Lease

$475,000

Listing Resources

Listing Description

8% CAP Investment Property. True NNN Lease. Tenant in place since 1976. Across from CVS and next to new Motorcycle Dealer. Last remodeled in 2010.

Sale Price: $475,000

Listing Details

Settings
Listing No : 2009
Sale Or Lease : For Sale
Property Type(s) : Investment, Retail, Restaurant/Bar
Building Size (Sqft) : 1,760 Sqft
Lot Size (Acres) : 1.11 Acre(s)
Total Sqft Available : 1,760 Sqft
Sale Price : $475,000
CAP Rate : 8%
NOI : $37,800
Building Total Sqft : 1,760 Sqft
Total Sqft Available : 1,760 Sqft
Retail : 1,760 Sqft
Min Divisible Sqft : 1,760 Sqft
Max Contiguous Sqft : 1,760 Sqft
Parcel No : 11-00-018-645
Zoning : Highway Business
Zoning By : City of Salem
Parking : 25
Parking Surface Type : Asphalt
Property Tax : $10,200
Tax Year : 2017
Year Built : 1975
Rehab Year : 2010
Exterior : Siding
Floors : 1
Interstate : I-57 (Exit 116)
Gross Rental Income : $48,000

Contact Agent

Commercial Real Estate Solutions

Not finding what you’re looking for?

Call Us

618-277-4400

Favorites