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1201 W Main St 3,000 SF Retail Building Carbondale, IL 62901 $520,000 ($173.33/SF) 10% Cap Rate
Executive Summary
GOOD INVESTMENT! This 3000 sq. foot Subway building is currently for sale only. It is leased to Subway for 5 years at $53,820 annually NNN., giving it a 10% cap rate. At the end of the lease there is a 7% increase if the lease is renewed. The site is located on the west side of Carbondale next to Scooter's coffee, close to Schnuck's grocery plaza, Legion's
Bank, Burger King and across from Walgreen's.
Bank, Burger King and across from Walgreen's.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,000 SF
Building Class
C
Year Built
2008
Price
$520,000
Price Per SF
$173.33
Cap Rate
10%
NOI
$52,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.79 AC
Zoning
C - Commercial
Walk Score®
Very Walkable (72)
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $109,909 | |
| Land Assessment | $30,394 | Total Assessment | $140,303 |
Property Taxes
Parcel Numbers
Land Assessment
$30,394
Improvements Assessment
$109,909
Total Assessment
$140,303
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1201 W Main St
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