Fieldstone Mall
Fieldstone Mall is 92% occupied by 4 tenants and offers a strong value-add opportunity for investors
Marketing description
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 92% 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.
Investment highlights
• Value Add Opportunity - Significantly increase NOI by converting current modified gross leases to NNN leases
upon lease expiration
• 92% Occupied
• Great 1031 Exchange Opportunity
• Located on State Route 159, a major north to south thoroughfare
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