2600 Nameoki Road , Granite City, IL

Retail for Sale - $400,000 - 7,200 Sq. Ft. on 0.57 acres


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Agent Info

NamePaul Mann

Property Info

CIMLS #815630
Location2600 Nameoki Road
Granite City IL 62040
Last UpdatedJuly 28th, 2017
TypeRetail
Price$400,000
Building7,200 Sq. Ft.
Land0.57 acres

Contact


Property Description

Investment Opportunity: 7,200 SF retail building located on .57 acre parcel on Nameoki Road in Granite City

Location Description:

The property is located at the intersection of Nameoki and Pershing Blvd in Granite City, Illinois

Highlights:

>> Leased by major retailer: Family Dollar

>> 7,200 SF retail building

>> Located in established, centrally located area within Granite City

>> 10,100 VPD on Nameoki Road

>> 8% cap rate / leasescheduled to be renewed in 2017 for another 5 year term

>> Great investment opportunity

>> Across from new multi-family housing development

>> Large pylon and wall signage

* Email for additional photos


Financials

Sales Info:

>> Cap rate: 8.0%

>> Commision split: 50.0%

>> NOI: $30725


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