This Retail Property is Off-Market.

1200 Mercantile Drive
Highland, IL 62249 ·

23,960 SF · Retail For Sale

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Woodcrest Plaza

Price N/A Property Use Type Net Lease Investment with 4 years left on lease
Building Size 23,960 SF Cap Rate 8.30%
Property Type Retail Tenancy Multiple
Property Sub-type
Retail (Other)
More...
  • Office Building
  • Medical Office
  • Strip Center
Lot Size 2.50 AC
Listing ID: 16330181 Date Created: 07/24/2009 Last Updated: 07/01/2013

Description

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.

Research

1200 Mercantile Drive, Highland, IL 62249 (Madison County)

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