Bank Ground
For Sale
$505,505
1050 Camp Jackson Rd, Cahokia, IL 62206
Absolute NNN structure limits landlord responsibilities, including building maintenance obligations.
Property Size3,000 SF
Price / SF$168.50
Days on Market52
Property Features for 1050 Camp Jackson Rd
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Bank
Additional Details
Cap Rate
7.81%
Traffic Count
14,400 vehicles/day
Amenities
Absolute NNN Ground Lease – Passive Ownership with No Landlord Responsibilities and No Building Maintenance Obligations | 4.41 Years Remaining on a Corporately Guaranteed Lease
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
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
Building Details
Building Size
3,000 SF
Tenancy
Single
Listing Agency:
(317) 218-5314
Listed By:
Damien Yoder · License #License(s): IN: RB14050667
(317) 218-5314
Source:
Marcusmillichap
Added: Jul 11
Changed: Aug 30
Last Checked: Aug 30 at 1:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Damien Yoder
Investment Insights
Based on property information with market context.
This 3,000-square-foot bank property is subject to an absolute NNN ground lease, with no landlord building-maintenance obligations. The lease has 4.41 years remaining, includes three additional three-year options, and carries a corporate guarantee from U.S. Bancorp. Banking operations have occupied the site since 1987.
The property fronts Camp Jackson Rd, a primary commercial corridor carrying 14,400 vehicles per day. The Camp Jackson Rd and I-255 interchange is less than two miles away and carries 52,500 vehicles per day. The surrounding retail environment includes McDonald’s, Walgreens, Valvoline Instant Oil Change, ALDI, Domino’s, Citi Trends, Aaron’s Rent To Own, Dollar Tree, and MotoMart. The site is within the St. Louis, MO-IL MSA, which has 2.8 million residents, and is minutes from Downtown St. Louis, I-255, I-55, I-64, and major Metro East employment centers.
The property fronts Camp Jackson Rd, a primary commercial corridor carrying 14,400 vehicles per day. The Camp Jackson Rd and I-255 interchange is less than two miles away and carries 52,500 vehicles per day. The surrounding retail environment includes McDonald’s, Walgreens, Valvoline Instant Oil Change, ALDI, Domino’s, Citi Trends, Aaron’s Rent To Own, Dollar Tree, and MotoMart. The site is within the St. Louis, MO-IL MSA, which has 2.8 million residents, and is minutes from Downtown St. Louis, I-255, I-55, I-64, and major Metro East employment centers.
Key Highlights
- Absolute NNN ground lease with no landlord building‑maintenance obligations
- 3,000‑square‑foot bank property occupied by banking operations since 1987
- 4.41 years remaining with three, three‑year options
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,868
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$817,360
$817.4K
Cap Rate 7%
$583,829
$583.8K
Cap Rate 9%
$454,089
$454.1K
Market Conditions
NOI Build-Up for 3,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$56.9K $18.96/SF
− Vacancy
−$2.4K −$0.80/SF
EGI
$54.5K $18.16/SF
− OpEx
−$13.6K −$4.54/SF
NOI
$40.9K $13.62/SF
Area
St. Clair County, IL
Vacancy
4.20%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$817,360
Cap Rate 7%
$583,829
Cap Rate 9%
$454,089
Alternative Uses
Best Use
Specialty Retail
$583.8K
$510.9K – $681.1K
NOI $40,868 @ 7.0% cap · market cap 8.08%
Second Best
Retail
$428.2K
$374.7K – $499.6K
NOI $29,975 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$710.2K
$621.4K – $828.6K
NOI $49,715 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14,400 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
66k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 44%
Dining 32%
Groceries 15%
Apparel 6%
McDonald's
Dining
15,963 visits/mo
0.0 miles
MotoMart
Shops & Services
12,514 visits/mo
0.1 miles
Aldi
Groceries
9,767 visits/mo
0.4 miles
Dollar Tree
Shops & Services
8,638 visits/mo
0.4 miles
Citi Trends
Apparel
4,283 visits/mo
0.3 miles
Demographics for 62206, IL
12,929
Population
6,586
Households
2
Avg Household Size
34
Median Age
12%
College-Educated
86%
High-School Grad
14.5 sq mi
ZIP Area
892
Density / Sq Mi
$39,520
Median Household Income
$27,611
Median Earnings
$1,021
Median Rent
$57,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Absolute NNN structure limits landlord responsibilities, including building maintenance obligations.
Where is this bank located?
The property is located at 1050 Camp Jackson Rd Cahokia, IL.
What is the asking price?
The asking price for this property is $505,505.
What are key features of this property?
This property features: Absolute NNN ground lease with no landlord building‑maintenance obligations; 3,000‑square‑foot bank property occupied by banking operations since 1987; 4.41 years remaining with three, three‑year options
