4001 State Route 159 - Storefront FOR SALE


Smithton, IL 62285
$1,275,000 USD
314-994-4444
4001 State Route 159, Smithton, IL for Sale
$1,275,000 USD
Storefront - FOR SALE
1/11
null | 6% Cap Rate

4001 State Route 159
Smithton, IL 62285


HIGHLIGHTS

  • Value Add Opportunity - Significantly increase NOI by converting current modified gross leases to NNN leases upon lease expiration
  • 100% Occupied
  • Great 1031 Exchange Opportunity
  • Located on State Route 159, a major north to south thoroughfare
  • 12,646 Vehicles Per Day

OVERVIEW

NAI DESCO is pleased to present Fieldstone Mall, a 9,450-square-foot multi-tenant retail center located in Smithton, Illinois (St. Louis MSA). The property is 100% occupied, secured by four (4) tenants, and offers a strong value-add opportunity for investors. Buyers can significantly increase NOI by converting the current modified gross leases to NNN leases upon lease expiration. Strategically positioned off IL State Route 159, the property benefits from high visibility, with 12,646 cars per day passing by. The 10-mile population surrounding the property is 105,447, while the 3-mile average household income is $126,959 per year. This investment presents an ideal opportunity for a 1031 exchange buyer seeking a stable, income-producing asset with potential for enhanced returns.

FOR SALE DETAILS

PRICE

$1,275,000 USD

PRICE/SF

$135 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fieldstone Mall

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,719 SF

ZONING

Commercial

APN/PARCEL ID

13-28.0-206-047

ASK ABOUT THIS PROPERTY

Corbin CoxNAI DESCOMore Info
314-994-4444

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Corbin CoxNAI DESCOMore Info
314-994-4444

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