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34012398
34012397

1050 Camp Jackson Rd, Cahokia, IL 62206 For Sale

DY
IN RB14050667
Marcus & Millichap - Indianapolis
MH
IN IN RB14052326
Marcus & Millichap - Indianapolis
Listed by Marcus & Millichap - Indianapolis
$505,505
17 days on market
Updated 0 days ago

US Bank Ground Lease

Details
Property Type Retail
Sub Type Bank
Square Footage 3,000
Net Rentable (SqFt) 3,000
Units 1
Cap Rate 7.81%
NOI $39,480
Tenancy Single
Brand/Tenant US Bank
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 10/31/2030
Remaining Term 4.4
Rent Bumps Yes
Price per SqFt $169
Class A
Year Built 1986
Acreage 0.770
Zoning Commercial
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Ground Lease Yes
Sale Condition N/A

Retail | 7.81% CAP | 3,000 SqFt

Marketing description

Investment-Grade Tenant Backed by U.S. Bancorp (NYSE: USB), One of the Largest Banking Institutions in the U.S. with Approximately $692 Billion in Assets | Recession-Resistant Banking Tenant with a Long Operating History and Strong Market Presence Throughout the Midwest

Absolute NNN Ground Lease – Passive Ownership with No Landlord Responsibilities and No Building Maintenance Obligations | 4.41 Years Remaining on a Corporately Guaranteed Lease with Three, 3-Year Options Remaining

Tenant is Currently Investing in a Remodel that Shows Commitment to the Site | Includes New Paint, Flooring, Digital Signage, Door Operators, and Artwork

Established Banking Location – Tenant Has Been Operating at This Site Since 1987

Strategic Location Along Camp Jackson Rd (14,400 VPD), One of Cahokia’s Primary Commercial Corridors | Less than Two Miles to the Camp Jackson Rd & I-255 Interchange (52,500 VPD)

Surrounded by National Retailers: McDonald’s, Walgreen’s, Valvoline Instant Oil Change, Boos Mobile, ALDI, Domino’s, Citi Trends, Aaron’s Rent To Own, Dollar Tree, MotoMart, and More

Located Minutes from Downtown St. Louis, I-255, I-55, I-64, and Major Employment Centers Throughout the Metro East Region | Part of the St. Louis, MO-IL MSA with 2.8 Million Residents

Investment highlights

Investment-Grade Tenant Backed by U.S. Bancorp (NYSE: USB), One of the Largest Banking Institutions in the U.S. with Approximately $692 Billion in Assets | Recession-Resistant Banking Tenant with a Long Operating History and Strong Market Presence Throughout the Midwest

Absolute NNN Ground Lease – Passive Ownership with No Landlord Responsibilities and No Building Maintenance Obligations | 4.41 Years Remaining on a Corporately Guaranteed Lease with Three, 3-Year Options Remaining

Tenant is Currently Investing in a Remodel that Shows Commitment to the Site | Includes New Paint, Flooring, Digital Signage, Door Operators, and Artwork

Established Banking Location – Tenant Has Been Operating at This Site Since 1987

Strategic Location Along Camp Jackson Rd (14,400 VPD), One of Cahokia’s Primary Commercial Corridors | Less than Two Miles to the Camp Jackson Rd & I-255 Interchange (52,500 VPD)

Surrounded by National Retailers: McDonald’s, Walgreen’s, Valvoline Instant Oil Change, Boos Mobile, ALDI, Domino’s, Citi Trends, Aaron’s Rent To Own, Dollar Tree, MotoMart, and More

Located Minutes from Downtown St. Louis, I-255, I-55, I-64, and Major Employment Centers Throughout the Metro East Region | Part of the St. Louis, MO-IL MSA with 2.8 Million Residents

Listing Contacts

DY
IN RB14050667
Marcus & Millichap - Indianapolis
MH
IN IN RB14052326
Marcus & Millichap - Indianapolis
Listed by Marcus & Millichap - Indianapolis

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$39,480.00
$3,290.00/mo

Valuation Metrics

0
DSCR
7.81%
Cap Rate
7.81%
ROI

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Additional Information

Name
Steven Weinstock
License
471.011175
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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