296 W Main St
Glen Carbon, IL
Price:
$634,242
Cap Rate:
8.25%
NOI:
$52,325
Building Size:
Approx. 8,744 Sq. Ft.
Lot Size:
Approx. 0.84 Acres
Type:
Single-Tenant / Retail
Sub Category:
Dollar Store
Year Built:
2003
Investment Overview
- 2003 Construction. 8,744+/- SF Building on 0.84+/- Acre Site
- 25-Year NN+ Lease, Recent Renewal in 2023, 1 Option Remains, w/ 4% Rent Increase
- Located Near Major Highways I-285 & I-270 (Combined Traffic Counts of 15K+ VPD)
- Near Anderson Hospital (151 Beds), SIUE (14,000 Students) & Lambert-St. Louis International Airport (15 Million Annual Passengers)
- Close Proximity to National Retailers Including Walmart, Target, Sam’s Club, Best Buy, Lowe’s & Aldi
- Dollar General, a Fortune 500 Company and One of the Largest Discount Retailers in the U.S. Operates Over 20,000 Stores Across 47 States
- Glen Carbon | Located in Rapidly Growing Metro (St. Louis MSA) | MSA Population: 2.81M