217 - 237 East Center Drive - Drug Store FOR SALE
Alton, IL 62002 |
$2,100,000 USD
612-432-9935
217 - 237 East Center Drive
Alton, IL 62002
HIGHLIGHTS
- Two Buildings Across Two Separate Parcels Totaling 3.76 Acres Featuring 26,650 SF of Retail/Office Space With an Attractive Price Per Square Foot
- Diverse Tenant Mix: A Well-Balanced Mix of Retail, Medical, and Service-Oriented Tenants That Cater to a Wide Range of Consumer Needs
- 21% Vacancy Presents an Immediate Opportunity For an Investor to Increase the Rental Income By Filling Vacancy
- NVA Pope Animal Hospital Recently Signed a 10-Year Lease; NVA Boasts Over 1,400 Total Locations Nationwide
- Proven Long-Term Tenancy: Average Length of Tenancy is Over 10 Years
- The Property is Near Dozens of National Tenants and Nearby Traffic Drivers Including: The Alton Square Mall, Target, PetCo, Ross Dress For Less
OVERVIEW
Sands Investment Group is Pleased to Present Exclusively For Sale the NVA Veterinary Anchored Multi-Tenant Portfolio in Alton, IL. Priced Attractively at Under $79 PSF, This 26,650 SF Two Building Portfolio Spans Over 3.76 Acres and Offers a Diverse In-Place Tenant Mix, Along With Additional Value-Add Components Through Leasing Up the Vacancies, Providing For a High Yield Investment.
In Cooperation With Sands Investment Group Illinois, LLC - Lic. #481013714 BoR: Andrew Ackerman - Lic. IL #471021429
FOR SALE DETAILS
PRICE
$2,100,000 USD
PRICE/SF
$79 USD /SF
CAP RATE
9.62%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
NVA Veterinary Anchored Multi-Tenant
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Storefront, Storefront Retail/Office, Medical
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
3.76 AC
LAND SF
163,786 SF
ZONING
-
APN/PARCEL ID
23-2-01-36-17-301-008
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612-432-9935
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612-432-9935
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