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618-277-4400

Net Lease Investment Offering

$520,000

Listing Resources

Listing Description

Net Lease Investment Offering

For Sale –  TRUE NNN Investment. Zero Landlord Obligation. Currently Leased to TitleMax thru August 2023.

Located in Swansea TIF I and Business District.

Hard Corner of IL Route 159 (N. Illinois) & IL Route 161 (North Belt West) in Swansea, IL.  Heavily Trafficked Location with a combined ADT of 67,900.

Property is well situated on a major Retail Corridor Surrounded by Multiple National Retailers. Join Aldi’s & Bank of America on the Southwest Corner. Cross Corners include Jack in the Box, CVS and Bank of Springfield. 

Reduced Sale Price: $ 520,000
NOI: $40,800
CAP Rate: 7.85%

Listing Details

Settings
Listing No : 2100
Sale Or Lease : For Sale
Property Type(s) : Investment, Land, Office, Office - General Office, Retail - Freestanding
Building Size (Sqft) : 1,827 Sqft
Lot Size (Acres) : 0.38 Acre(s)
Sale Price : $520,000
CAP Rate : 7.85%
GRM : 12.75
NOI : $40,800
Building Total Sqft : 1,827 Sqft
Total Sqft Available : 1,827 Sqft
Office : 1,827 Sqft
Retail : 1,827 Sqft
Min Divisible Sqft : 1,827 Sqft
Max Contiguous Sqft : 1,827 Sqft
Parcel No : 08-16.0-406-020
Zoning : Highway Business
Zoning By : Village of Swansea
Prior Use : Office
TIF : Yes
Environmental : Yes
Parking : 28
Parking Surface Type : Asphalt
Property Tax : $6,737
Tax Year : 2018
Traffic Count : 19,700
Year Built : 1971
Rehab Year : 2000
Class : C
Clearance Min : 8 ft
Clearance Max : 12 ft
Exterior : Brick
Floors : 1
Floor Drains : Yes
Acres : 0.38 Acre(s)
Frontage : 191 ft
Depth : 130 ft
Gross Rental Income : $40,800

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