50 Lincoln Hwy Fairview Heights, IL 62208
- Retail properties
- 6,315 SF
- 0.87 lot acres
Current Use by Public Records
- Retail properties
Property Details for 50 Lincoln Hwy
- Year built
- 1977
- Lot size
- 0.87 lot acres
- Property size
- 6,315 SF
- Property type
- Retail properties
- Property subtype
- Auto shops
Description
This exceptional investment opportunity presents a fee-simple ownership of a 6,315 square foot auto shop in Fairview Heights, Illinois. Located at 50 Lincoln Hwy, 62208, this property boasts a strong 6.25% cap rate and a substantial net operating income (NOI) of $180,420. The property features a 20-year absolute NNN lease with a corporate guarantee, ensuring consistent cash flow. Rent increases are built in with 2% annual bumps. Built in 1977 and renovated in 2011, the building sits on a 0.87-acre lot. The tenant enjoys a prime location near major retail centers, including Chick-fil-A, Lowe's, HomeGoods, and TJ Maxx, serving an affluent area with average household incomes exceeding $99,000 within a two-mile radius. This property is conveniently located just 12 miles from downtown St. Louis. The sale price is $2,886,720, translating to $457.12 per square foot. The property is currently 100% occupied. Lease options are to be determined. This is a rare opportunity to acquire a stable, high-performing net lease investment with significant long-term potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fairview Heights
- County
- St. Clair
- State
- Illinois
- Longitude
- -89.9823
- Latitude
- 38.5924
