1200 Mercantile Drive
Highland, IL 62249 ·
23,960 SF · Retail For Sale
|Price||N/A||Property Use Type||Net Lease Investment with 4 years left on lease|
|Building Size||23,960 SF||Cap Rate||8.30%|
|Lot Size||2.50 AC|
|Listing ID: 16330181||Date Created: 07/24/2009||Last Updated: 07/01/2013|
Retail/ Office Investment Opportunity!
23,960 SF Strip Center with 3,900 SF KFC & Taco Bell Outlot Lease
Sale Price: $3,400,000
Cap Rate: 8.5%
The Seller has taken the center that had gross leases and has converted approximately 75% of the leases to triple net with the intention of converting all of the leases to triple net.
The Plaza has been well maintained as Seller manages from next door.
Located in Highland, IL.( Approximately 30 minutes East of St.Louis, MO)
Woodcrest Plaza is located along State Route 143 /Hwy 40 next to Aviston Lumber.
Highland, IL 62249
For Sale · $640,000
22,928 SF Building
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