3806 Broadway St - Auto Repair FOR SALE


Mount Vernon, IL 62864
$2,000,000 USD
949-506-2012
3806 Broadway St, Mount Vernon, IL for Sale
$2,000,000 USD
Auto Repair - FOR SALE
1/10
null | 6.25% Cap Rate

3806 Broadway St
Mount Vernon, IL 62864


HIGHLIGHTS

  • New 15-Year Sale Leaseback | Strong Operator (16+ Units) | Rapidly Growing Brand | E-Commerce & Recession Proof Tenant
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Excellent Visibility & Access Along Broadway Street (22,530 VPD) | Across From Times Square Mall (2.3M+ Annual Visits)
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

The subject property is strategically positioned along Broadway Street (22,530 VPD) with excellent visibility and access. The thoroughfare serves as the primary retail destination for the immediate area and receives substantial consumer traffic from nearby on/off ramps of Interstate 64/57 (43,000 VPD). The tenant receives significant crossover retail exposure from nearby national tenants including Walmart Supercenter, Lowe’s, Menard’s, Kohl’s, ALDI, Kroger, McDonald’s, the SSM Health Good Samaritan Hospital (134 beds), and the Crossroads Community Hospital (56 beds). Furthermore, the site is located directly across from the Times Square Mall, which attracts 2.3 million+ annual visits (per Placer.ai) and features a strong tenant lineup including Planet Fitness, Ross, Big Lots, Hibbett Sports, Dunham’s Sports, Bath & Body Works, Ashley Outlet, 7 Brew, KFC, and Wendy’s. The 5-mile trade area is supported by a population of over 18,900 residents and 18,600 employees with an average household income of $75,887.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$1,229 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Take 5 Oil | 15-Yr | 16+ Unit Guarantor

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Auto Repair, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

-

APN/PARCEL ID

06-25-355-007

ASK ABOUT THIS PROPERTY

Gary ChouSRS National Net LeaseMore Info
949-506-2012

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Gary ChouSRS National Net LeaseMore Info
949-506-2012

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.