1319 Central Park Dr | O'Fallon, IL 62269
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1319 Central Park Dr
O'Fallon, IL 62269
NNN Restaurant Building | Strong Sales Report · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Early Extensions Recently Executed by Both Tenants; Long Term Occupancy History; Both Tenants Have Over 10yrs of Occupancy
- Strong Tenant Commitment; Both Tenants Have Extensive FF&E and Have Exercised their Lease Renewals Multiple Times; On Nearly 2 Acre lot
- 39% Population Growth within 1 Mile; Strong demographics Over $103,533 AHHI within 3-mile Radius; Approximately 70% Home Ownership
- Tenant Responsibilities Include Taxes, Insurance, CAM, HVAC, and Parking Lot; Recent Capital Expenditure Included New Parking Lot
- HotShots Sports Bar & Grill - Strong Reported Sales Over $2.3M (6.3% RTS); Sake Sushi - Lease since 2006, Personal Guarantee by Operator
- Located Along a Busy Retail Corridor with Great Visibility from Both US HWY 50 and Central Park Dr; Over 50,000 VPD
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
8,993 SF
Building Class
B
Year Built
2003
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
1.93 AC
Zoning
Commercial
Parking
130 Spaces (7.91 Spaces per 1,000 SF Leased)
Frontage
233’ on Central Park Dr
AMENITIES
- Dedicated Turn Lane
- Freeway Visibility
- Signage
PROPERTY TAXES
| Parcel Number | 03-25.0-302-009 | Improvements Assessment | $308,624 |
| Land Assessment | $170,572 | Total Assessment | $479,196 |
PROPERTY TAXES
Parcel Number
03-25.0-302-009
Land Assessment
$170,572
Improvements Assessment
$308,624
Total Assessment
$479,196
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