2496 Troy Rd Edwardsville, IL 62025-2585

Property Details for 2496 Troy Rd

Year built

2005

Lot size

0.48 lot acres

Property size

2,805 SF

Property type

Commercial real estate

APN

14-2-15-23-00-000-063

APU

142152300000063

Description

This exceptional investment opportunity presents a fee-simple ownership of a 2,830 square foot storefront in Edwardsville, Illinois. The property, built in 2024, is currently 100% occupied by Sleep Number under a corporate-guaranteed, net-net lease with 9.9 years remaining. The lease commenced April 4, 2023, and expires October 31, 2034, featuring two, five-year renewal options with a 10% rent increase each. The property boasts a strong net operating income (NOI) of $176,705, resulting in a 6.75% cap rate. Located at 2496 Troy Rd, this single-story building sits on a 0.48-acre lot in a prime retail location, shadow-anchored by Target, Meijer, and other major retailers. The site benefits from high traffic volume, with 32,541 vehicles passing daily, and a strong demographic profile, including 39,613 residents within a three-mile radius and an average household income of $130,111. The property's strategic location at a signalized intersection provides excellent visibility and accessibility. This is a rare opportunity to acquire a high-performing retail asset with a long-term, stable tenant in a thriving market. The asking price is $2,617,851, translating to $925.04 per square foot. The property is part of a larger retail corridor with significant growth potential.

Location Insight

City

Edwardsville

County

Madison

State

Illinois

Longitude

-89.9512

Latitude

38.7806

CBSA code

41180

CBSA name

ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments