Under Construction Mini-Market
601 S Moreland Rd Bethalto, IL
601 S Moreland Rd, Bethalto, IL, 00000
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For Sale
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10,640 SF freestanding building with NNN lease in Bethalto, IL.
Property Size10,640 SF
Lot Size2.00 Acres
Price / SF$173.98
Days on Market638
Property Features for 601 S Moreland Rd
General Information
- Standard status
- Active
- Size
- 10,640 SF
- Lot size
- 2.00 Acres
- Property subtype
- RETAIL
Listing agency
Cissell Mueller Company
(636) 262-0929
Listed by
Robert D Cissell · License #1999024539
(636) 262-0929
Source
Moodyscre
Added: Oct 24, 2024 Updated: Jul 6 at 9:42AM Checked: Jul 21 at 6:35AM
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 Cissell Mueller Company
Investment Insights
Based on property information with market context.
This property features a 10,640 square foot freestanding mini-market store currently under construction. The absolute NNN lease has an annual rent of $120,837.48. New lease terms include 5% rent increases every 5 years. The lease term is 15 years, with an anticipated opening in early May 2025. The sale price is $1,859,038.15, reflecting a 6.5% CAP rate, with an average CAP rate of 6.83% over the 15-year term. The property is located at 601 S Moreland Rd, Bethalto, IL.
Key Highlights
- 15‑Year Absolute NNN Lease
- Freestanding 10,640 SF Building
- Attractive 6.5% CAP Rate
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $191.5k | $18.00 |
| − Vacancy | −$5.0k | −$0.47 |
| EGI | $186.5k | $17.53 |
| − OpEx | −$56.0k | −$5.26 |
| NOI | $130.6k | $12.27 |
10,640 SF · lease $18.00/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.87M
$1.63M – $2.18M
NOI $130,578 @ 7.0% cap · market cap 7.05%
Second Best
Specialty Retail
$1.80M
$1.58M – $2.10M
NOI $126,189 @ 7.0% cap · market cap 6.82%
Theoretical Best
Office A
$2.90M
$2.54M – $3.38M
NOI $203,011 @ 7.0% cap · market cap 10.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar For Sale Nearby
FAQs
What type of property is this?
Grocery and convenience store - 10,640 SF freestanding building with NNN lease in Bethalto, IL.
Where is this grocery and convenience store located?
The property is located at 601 S Moreland Rd Bethalto, IL.
What is the asking price?
The asking price for this property is $1,851,097.
What are key features of this property?
This property features: 15‑Year Absolute NNN Lease; Freestanding 10,640 SF Building; Attractive 6.5% CAP Rate
