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Investment Property! 100% Leased! 1126-1144 Vaughn Rd 13,500 SF 100% Leased Retail Building Wood River, IL 62095 $1,750,000 ($129.63/SF) 9.40% Cap Rate
Investment Highlights
- Professionally Managed
- Less than 2 miles from Interstate 255
Executive Summary
Investment Opportunity | 1126–1144 Vaughn Rd. & E. Edwardsville Rd. | Wood River, IL 62095
High-Yield Multi-Tenant Retail Investment
Kunkel Commercial Group is pleased to present the opportunity to acquire a 100% occupied multi-tenant retail investment property located in one of Wood River's strongest commercial corridors.
This 13,500 SF retail center sits on 2.50 acres with 103 parking spaces and offers investors a stable income-producing asset with an attractive 9.4% CAP Rate.
Strategically positioned less than two miles from Interstate 255, the property benefits from excellent visibility and traffic along Vaughn Road and is surrounded by established national retailers, including Walgreens and McDonald's.
Investment Highlights
Sale Price: $1,750,000
CAP Rate: 9.4%
Net Operating Income (NOI): $164,500
100% Leased Multi-Tenant Retail Center
13,500 SF Retail Building
2.50 Acres
Built in 2009
103 Parking Spaces (7.63 spaces per 1,000 SF)
B-3 Highway Business Zoning
Monument Signage
Tenant-Controlled HVAC
Professionally Managed Property
Excellent Visibility and Access
Located Between Walgreens and McDonald's
Less Than 2 Miles from Interstate 255
Financial Statements and Pro Forma Available to Qualified Investors
This investment presents an excellent opportunity to acquire a stabilized retail asset with strong cash flow in a well-established commercial location within the Metro East market.
High-Yield Multi-Tenant Retail Investment
Kunkel Commercial Group is pleased to present the opportunity to acquire a 100% occupied multi-tenant retail investment property located in one of Wood River's strongest commercial corridors.
This 13,500 SF retail center sits on 2.50 acres with 103 parking spaces and offers investors a stable income-producing asset with an attractive 9.4% CAP Rate.
Strategically positioned less than two miles from Interstate 255, the property benefits from excellent visibility and traffic along Vaughn Road and is surrounded by established national retailers, including Walgreens and McDonald's.
Investment Highlights
Sale Price: $1,750,000
CAP Rate: 9.4%
Net Operating Income (NOI): $164,500
100% Leased Multi-Tenant Retail Center
13,500 SF Retail Building
2.50 Acres
Built in 2009
103 Parking Spaces (7.63 spaces per 1,000 SF)
B-3 Highway Business Zoning
Monument Signage
Tenant-Controlled HVAC
Professionally Managed Property
Excellent Visibility and Access
Located Between Walgreens and McDonald's
Less Than 2 Miles from Interstate 255
Financial Statements and Pro Forma Available to Qualified Investors
This investment presents an excellent opportunity to acquire a stabilized retail asset with strong cash flow in a well-established commercial location within the Metro East market.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
13,500 SF
Building Class
A
Year Built
2009
Price
$1,750,000
Price Per SF
$129.63
Cap Rate
9.40%
NOI
$164,500
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
2.50 AC
Zoning
Commercial - B-3 Highway Business
Parking
103 Spaces (7.63 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signage
- Tenant Controlled HVAC
- Monument Signage
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 19-2-08-22-20-401-024 | Improvements Assessment | $507,140 |
| Land Assessment | $26,740 | Total Assessment | $533,880 |
Property Taxes
Parcel Number
19-2-08-22-20-401-024
Land Assessment
$26,740
Improvements Assessment
$507,140
Total Assessment
$533,880
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