296 W Main St, Glen Carbon, IL

Listing agent Todd Lewis Show Phone

Listing office Secure Net Lease - Dallas Show Phone

Listing date Jan 15, 2025

Source Moodyscre

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Overview

This retail property, constructed in 2003, features an 8,744 square foot building situated on a 0.84 acre site. The property is under a 25-year NN+ lease, which was recently renewed in 2023 and includes one remaining option with a 4% rent increase. Located in Glen Carbon, within the rapidly growing St. Louis Metropolitan Statistical Area (MSA) with a population of 2.81 million, the property benefits from its proximity to major highways I-285 and I-270, which have combined traffic counts exceeding 15,000 vehicles per day. It is also located near Anderson Hospital (151 beds), Southern Illinois University Edwardsville (SIUE) with 14,000 students, and Lambert-St. Louis International Airport, which serves 15 million annual passengers. The property is in close proximity to national retailers including Walmart, Target, Sam’s Club, Best Buy, Lowe’s, and Aldi. The tenant, Dollar General, is a Fortune 500 company and one of the largest discount retailers in the U.S., operating over 20,000 stores across 47 states.

Suggested Use

Law Firm Spa & Massage Center Building Supply Auto Repair Shop Gym & Fitness Center Accounting Firm Hotel & Motel Kitchen & Bath Showroom Bar & Pub Grocery & Convenience Store

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

Location Insight

• Map
• Local Demand

City

Glen Carbon

County

Madison

State

Illinois

Longitude

-90.0006

Latitude

38.7438

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FAQs

What type of property is this?

Storefront property - Retail property in Glen Carbon, Illinois, near major highways.

Where is this storefront property located?

The property is located at 296 W Main St Glen Carbon, IL.

What is the asking price?

The asking price for this property is $634,242.

What are key features of this property?

This property features: Long‑Term NN+ Lease with Recent Renewal and Rent Increase: Provides stable and increasing income stream.; Strategic Location Near Major Highways: High visibility and accessibility due to proximity to I‑285 & I‑270.; Strong Tenant: Dollar General, a Fortune 500 company, ensures reliable tenancy.