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601 S Moreland Rd Bethalto, IL 62010

For Sale
$1,851,097

10,640 SF freestanding building with NNN lease in Bethalto, IL.

Property size:
10,640 SF
Lot size:
2.00 Acres

Property Features for 601 S Moreland Rd

General Information

Size
10,640 SF
Lot size
2.00 Acres

Source: Cissell Mueller Company Agent Robert D Cissell

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Under Construction Mini-Market Store

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.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Grocery and convenience stores

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Bethalto
County
Madison
State
Illinois
Longitude
-90.030031
Latitude
38.901848

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
More about this property
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