50 Lincoln HwyFairview Heights, IL 62208

Property Details for 50 Lincoln Hwy

Year built

1977

Lot size

0.87 AC

Property size (Sq ft)

6,315 SF

Property type

Retail properties

Property subtype

Other retail properties

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.

Location Insight

City

Fairview Heights

County

St. Clair

State

Illinois

Latitude

38.5924

Longitude

-89.9823

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