Historical Retail Sale Listing - Woodcrest Plaza

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Woodcrest Plaza

1200 Mercantile Drive, Highland, IL 62249

N/A

23,960 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
23,960 SF
Property Type:
Retail
Property Sub-type:
Retail (Other)
Additional Sub-types:
Office Building
Medical Office
Strip Center
Property Use Type:
Net Lease Investment with
4 years left on lease
Cap Rate:
8.30%
Tenancy:
Multiple
Lot Size:
2.50 AC
Listing ID
16330181
Last Updated
over 1 year ago

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.

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

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