New NNN T-Mobile Retail
For Sale
Contact for pricing
1320 W McCord St, Centralia, IL 62801
Double-net lease structure calls for minimal landlord responsibilities and includes scheduled rent increases with extension options.
Property Size2,200 SF
Days on Market144
Property Features for 1320 W McCord St
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Retail
Net Operating Income
$86,680
Additional Details
Cap Rate
7.4%
Traffic Count
7,927 vehicles/day
Building Details
Year Built
2023
Tenancy
Single
Listing Agency:
Fortis Net Lease
(248) 419-3810
Listed By:
Kyle Carson · License #MI 6501384480
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 10:04PM
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 Fortis Net Lease
Investment Insights
Based on property information with market context.
Located at 1320 W McCord St in Centralia, Illinois, this newly constructed T-Mobile retail store opened for business in October 2023. The property is subject to a 10-year Double Net lease with minimal landlord responsibilities, a 6% rent increase in year 6, and 10% increases during each of three 5-year options. The lease contains no termination clause.
The store sits between Buchheit and Walmart, with visibility from IL-161, a roadway carrying 7,927 cars per day. A signalized intersection is nearby, and Goodwill, Centralia Home Center, Schnucks, Big Lots, bealls, and Dollar Tree are located across the street. The five-mile population from the site is 19,440.
The store sits between Buchheit and Walmart, with visibility from IL-161, a roadway carrying 7,927 cars per day. A signalized intersection is nearby, and Goodwill, Centralia Home Center, Schnucks, Big Lots, bealls, and Dollar Tree are located across the street. The five-mile population from the site is 19,440.
Key Highlights
- New T‑Mobile store opened for business in October 2023
- 10‑year Double Net lease with minimal landlord responsibilities
- 6% rent increase in year 6
Property Analytics
Current Use
Lease Details
7,927 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
218
Businesses Nearby
Explore this area
Business Placement
Demographics for 62801, IL
20,502
Population
9,044
Households
2.3
Avg Household Size
42
Median Age
16%
College-Educated
86%
High-School Grad
134.4 sq mi
ZIP Area
153
Density / Sq Mi
$53,740
Median Household Income
$36,109
Median Earnings
$785
Median Rent
$91,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
NNN property - Double-net lease structure calls for minimal landlord responsibilities and includes scheduled rent increases with extension options.
Where is this nnn property located?
The property is located at 1320 W McCord St Centralia, IL.
What are key features of this property?
This property features: New T‑Mobile store opened for business in October 2023; 10‑year Double Net lease with minimal landlord responsibilities; 6% rent increase in year 6
