17774 Mercantile Dr Nashville, IL 62263-3411

This exceptional investment opportunity presents a 21,622 square foot, single-tenant retail storefront in Nashville, Illinois. The property, located at 17774 Mercantile Dr, boasts a 14.4-year remaining lease term (15-year original term) with a credit-rated, corporate-guaranteed Tractor Supply Company as the tenant. The Net Lease (NN+) agreement includes a 6.25% cap rate and a current Net Operating Income (NOI) of $220,000. Rent increases of 5% every 5 years are built into the lease. The building underwent renovations in 2022 and features new RTUs installed in 2023. Situated on a 1.92-acre lot, this property benefits from excellent visibility and accessibility, located near I-64 and within 50 minutes of the St. Louis metro area. The property's strong tenant, Tractor Supply Company, is the largest rural lifestyle retailer in the United States, serving a significant market in this thriving agricultural community. This offering presents a stable, high-yield investment with significant long-term potential. The price per square foot is $162.80, and the asking price for the entire property is $3,520,000. Multiple lease options are available.