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3672 St Rte, Unit 111 Granite City, IL

For Sale
$2,370,370

NNN leased industrial property with long-term tenant.

Property size:
20,000 SF
Lot size:
4.77 Acres

Property Features for 3672 St Rte

General Information

Size
20,000 SF
Lot size
4.77 Acres

Source: BARBERMurphy Agent Steve C Zuber

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


Overview

Granite City Industrial Investment

The property is located in Granite City, Illinois, along Route 111, offering convenient access to three major interstates: 2.5 miles from I-255, 3 miles from I-270, and 5 miles from I-55/70. Situated nearby is Gateway Tradeport, a 600-acre master-planned industrial park, and Gateway Commerce Center, a 2,300-acre master-planned industrial park in the St. Louis Metropolitan region. The property is currently occupied by Beacon Roof Supply, a publicly traded distributor of roofing, waterproofing, and related exterior products in the United States and Canada. Beacon is a leading provider of commercial and residential roofing, siding, windows, decking, insulation, specialty lumber, waterproofing, and air barrier systems to the North American building industry. The tenant has approximately 6 years remaining on their lease, with two 5-year options for renewal based on market rent at the time of renewal. The lease structure is NNN, with all expenses, including insurance, taxes, utilities, upkeep, and maintenance, covered by the tenant. The lease includes 3% annual rent increases. The property has a total size of 20,000 square feet.
Location Intelligence

Current Use by Public Records

Warehouses

Similar Places Nearby

Granite City Storage, Dixon Mini Storage

Map

City
Granite City
County
Madison
State
Illinois
Longitude
-90.1487199
Latitude
38.7014389

FAQs

What type of property is this?
Warehouse - NNN leased industrial property with long-term tenant.
Where is this warehouse located?
The property is located at 3672 St Rte, Unit 111 Granite City, IL.
What is the asking price?
The asking price for this property is $2,370,370.
What are key features of this property?
This property features: - High-Quality Tenant: Leased to Beacon Roof Supply, a leading distributor with nearly 100 years of experience.; - NNN Lease: Tenant handles all expenses, offering a truly passive investment.; - Long-Term Lease: Enjoy stable cash flow with 6 years remaining on the lease and (2) 5-year options.
More about this property
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