For Sale
$2,886,720
50 Lincoln HwyFairview Heights, IL 62208
High-yield auto shop investment. 20-year lease.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 115
Highlights
- Fee-simple ownership of a 6,315 SF auto shop in Fairview Heights, IL, at 50 Lincoln Hwy, 62208.
- Strong 6.25% cap rate and $180,420 NOI.
- 20-year absolute NNN lease with corporate guarantee and 2% annual rent increases.
- 0.87-acre lot, building constructed in 1977, renovated in 2011.
- $2,886,720 sale price ($457.12/SF), currently 100% occupied.
Property Details for 50 Lincoln Hwy
- Property type
- Retail properties, Auto shops
- Square Feet
- 6,315 SF
- Year Built/Renovated
- 1977/2011
- Lot Size (sq. ft)
- 37,897 SF
Location Insight
- City
- Fairview Heights
- County
- St. Clair
- State
- Illinois
- Latitude
- 38.59238293098
- Longitude
- -89.982258414564
50 Lincoln Hwy, Fairview Heights, Illinois
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