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Steak n Shake 130 N 44th St 4,190 SF Retail Building Mount Vernon, IL 62864 $1,204,167 ($287.39/SF) 7.06% Cap Rate
Investment Highlights
- Secure pure NNN lease in place
- Strong highway site
- Tenant may be willing to vacate early. Outstanding redevelopment opportunity
- Surrounding restaurants perform at high levels
Executive Summary
Pure NNN Lease Structure
Tenant may be willing to vacate early
Tenant may be willing to vacate early
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,190 SF
Building Class
B
Year Built
2017
Price
$1,204,167
Price Per SF
$287.39
Cap Rate
7.06%
NOI
$85,014
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.93 AC
Zoning
B-3 - The property is zoned B-3, Interchange Business.
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 06-35-201-006 | Improvements Assessment | $139,794 |
| Land Assessment | $58,339 | Total Assessment | $198,133 |
Property Taxes
Parcel Number
06-35-201-006
Land Assessment
$58,339
Improvements Assessment
$139,794
Total Assessment
$198,133
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Steak n Shake | 130 N 44th St
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