2600 Nameoki Road, Granite City, IL
Retail for Sale - $400,000 - 7,200 Sq. Ft. on 0.57 acres
Property Info
| CIMLS# | 815630 |
| Location 2600 Nameoki Road Granite City IL 62040 | |
| Updated | July 28th, 2017 |
| Type | Retail |
| Price | $400,000 |
| Building | 7,200 Sq. Ft. |
| Land | 0.57 acres |
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
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Financials
Sales Info:
>> Cap rate: 8.0%
>> Commision split: 50.0%
>> NOI: $30725
