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618-277-4400

Value-Add Retail Center for Sale

$429,000

Listing Resources

Listing Description

10,750 SF Value-Add Retail/Office Center for Sale. Three Space for Lease: 900 SF, 1,000 SF and 1,500 SF. Located 0.45 Miles off I-57; Exit 65. Long Term Tenants Include Subway and Rent One. Located in a TIF District. 9.62% CAP Rate – Excellent Investment Opportunity.

Sale Price: $429,000
Lease Rate: $9.00 per SF, NNN

Listing Details

Settings
Listing No : 2020
Sale Or Lease : For Sale
Property Type(s) : Investment, Office, Office - General Office, Retail, Retail - Store Front Retail
Building Size (Sqft) : 10,750 Sqft
Lot Size (Acres) : 0.47 Acre(s)
Total Sqft Available : 10,750 Sqft
Sale Price : $429,000
Sale Price Per Sqft : $39.91
CAP Rate : 9.62%
NOI : $41,269
Building Total Sqft : 10,750 Sqft
Total Sqft Available : 10,750 Sqft
Office : 10,750 Sqft
Retail : 10,750 Sqft
Min Divisible Sqft : 10,750 Sqft
Max Contiguous Sqft : 10,750 Sqft
Parcel No : 11-24-406-004
Zoning : Business
Zoning By : City of West Frankfort
Prior Use : Retail/Office
TIF : Yes
Parking : 30+
Parking Surface Type : Asphalt
Property Tax : $14,216
Tax Year : 2017
Year Built : 1980
Clearance Min : 8 ft
Clearance Max : 8 ft
Exterior : Brick/Stone/Wood
Floors : 1
Acres : 0.47 Acre(s)
Frontage : 172 ft
Depth : 120 ft
Interstate : I-57; Exit 65

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