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US Bank Ground Lease 1050 Camp Jackson Rd 3,000 SF Retail Building East Saint Louis, IL 62206 $505,505 ($168.50/SF) 7.81% Cap Rate
Investment Highlights
- Investment-Grade Tenant Backed by U.S. Bancorp (NYSE: USB), One of the Largest Banking Institutions in the U.S.
- Minutes from Downtown St. Louis, I-255, I-55, I-64, and Major Employment Centers Throughout the Metro East Region | Part of the St. Louis, MO-IN MSA
- Absolute NNN Ground Lease – Passive Ownership with No Landlord Responsibilities and No Building Maintenance Obligations
Executive Summary
Investment-Grade Tenant Backed by U.S. Bancorp (NYSE: USB), One of the Largest Banking Institutions in the U.S. with Approximately $692 Billion in Assets | Recession-Resistant Banking Tenant with a Long Operating History and Strong Market Presence Throughout the Midwest
Absolute NNN Ground Lease – Passive Ownership with No Landlord Responsibilities and No Building Maintenance Obligations | 4.41 Years Remaining on a Corporately Guaranteed Lease with Three, 3-Year Options Remaining
Tenant is Currently Investing in a Remodel that Shows Commitment to the Site | Includes New Paint, Flooring, Digital Signage, Door Operators, and Artwork
Established Banking Location – Tenant Has Been Operating at This Site Since 1987
Strategic Location Along Camp Jackson Rd (14,400 VPD), One of Cahokia’s Primary Commercial Corridors | Less than Two Miles to the Camp Jackson Rd & I-255 Interchange (52,500 VPD)
Surrounded by National Retailers: McDonald’s, Walgreen’s, Valvoline Instant Oil Change, Boos Mobile, ALDI, Domino’s, Citi Trends, Aaron’s Rent To Own, Dollar Tree, MotoMart, and More
Located Minutes from Downtown St. Louis, I-255, I-55, I-64, and Major Employment Centers Throughout the Metro East Region | Part of the St. Louis, MO-IL MSA with 2.8 Million Residents
Absolute NNN Ground Lease – Passive Ownership with No Landlord Responsibilities and No Building Maintenance Obligations | 4.41 Years Remaining on a Corporately Guaranteed Lease with Three, 3-Year Options Remaining
Tenant is Currently Investing in a Remodel that Shows Commitment to the Site | Includes New Paint, Flooring, Digital Signage, Door Operators, and Artwork
Established Banking Location – Tenant Has Been Operating at This Site Since 1987
Strategic Location Along Camp Jackson Rd (14,400 VPD), One of Cahokia’s Primary Commercial Corridors | Less than Two Miles to the Camp Jackson Rd & I-255 Interchange (52,500 VPD)
Surrounded by National Retailers: McDonald’s, Walgreen’s, Valvoline Instant Oil Change, Boos Mobile, ALDI, Domino’s, Citi Trends, Aaron’s Rent To Own, Dollar Tree, MotoMart, and More
Located Minutes from Downtown St. Louis, I-255, I-55, I-64, and Major Employment Centers Throughout the Metro East Region | Part of the St. Louis, MO-IL MSA with 2.8 Million Residents
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
3,000 SF
Building Class
C
Year Built
1986
Price
$505,505
Price Per SF
$168.50
Cap Rate
7.81%
NOI
$39,480
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.77 AC
Zoning
Commercial
Frontage
195’ on Camp Jackson Rd
Amenities
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Finance and Insurance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
U.S. Bank traces its roots to the 1860s, with a current operating charter signed in 1863 and a history that grew from early Midwestern banking into the modern enterprise. U.S. Bancorp serves as the publicly traded parent company of U.S. Bank, and the business offers banking, investment, mortgage, trust, and payment services to consumers, businesses, and institutions. The company's operating mix includes consumer banking, business banking, commercial banking, institutional banking, payments, and wealth management. U.S. Bank maintains a broad national presence and serves customers across local, national, and global markets through this diversified platform.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Finance and Insurance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
50/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 06-02.0-301-023 | Improvements Assessment | $112,414 |
| Land Assessment | $25,952 | Total Assessment | $138,366 |
Property Taxes
Parcel Number
06-02.0-301-023
Land Assessment
$25,952
Improvements Assessment
$112,414
Total Assessment
$138,366
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