Freestanding Building with Lease in Place

252 N Main St, White Hall, IL

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For Sale

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10,640 SF NNN property with an existing lease.

Type:RETAIL

Property size:

10,640 SF

Lot size:

0.76 Acres

Price / SF:

$117/SF

HighLights

Freestanding 10,640 SF Building
Excellent 7.42% CAP Rate
Annual Rent: $92,736.00 (NNN)
Remaining Lease Term - 8 years (Lease expires 09/30/32)
Appraised in 2022 for $1,473,000
Three (3) Five (5) Year Options with 10% Increases

We can help!

Listing Contact

Robert D Cissell

For Sale

Contact for pricing

10,640 SF NNN property with an existing lease.

Type:RETAIL

Property size:

10,640 SF

Lot size:

0.76 Acres

Price / SF:

$117/SF

Added:: Sep 27, 2024
Days on Market:: 621
Last Refresh:: May 20 at 9:43 pm

Property Features for 252 N Main St

General Information

Standard status: Active
Size: 10,640 SF
Lot size: 0.76 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Robert D Cissell

Listing agent Robert D Cissell License #1999024539

Listing office Cissell Mueller Company

Listing date Sep 27, 2024

Source Moodyscre

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

HighLights

Freestanding 10,640 SF Building
Excellent 7.42% CAP Rate
Annual Rent: $92,736.00 (NNN)
Remaining Lease Term - 8 years (Lease expires 09/30/32)
Appraised in 2022 for $1,473,000
Three (3) Five (5) Year Options with 10% Increases

Overview

This is a 10,640 square foot freestanding building. The property is subject to a NNN lease with an annual rent of $92,736.00. The remaining lease term is 8 years, expiring on 09/30/32. There are three five-year options with 10% increases. The property was appraised in 2022 for $1,473,000 and has a 7.42% CAP Rate.

Property Profile Location Intelligence

Current Use by Public Records

Storefront properties

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Location Insight

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Local Demand

City: White Hall
County: Greene
State: Illinois
Longitude: -90.4033
Latitude: 39.4393

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What type of property is this?

Storefront property - 10,640 SF NNN property with an existing lease.

Where is this storefront property located?

The property is located at 252 N Main St White Hall, IL.

What is the asking price?

The asking price for this property is $1,250,000.

What are key features of this property?

This property features: Freestanding 10,640 SF Building; Excellent 7.42% CAP Rate; Annual Rent: $92,736.00 (NNN)

252 N Main St, White Hall, IL

10,640 SF NNN property with an existing lease.

Property Features for 252 N Main St

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Versatile Commercial Building in White Hall

Spacious Home on 10 Acres

New Dollar General NNN Property

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