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2615 State St
East Saint Louis, IL 62205
AutoZone Ground Lease · Retail Property For Sale

Property Facts

Property Type
Retail
Property Subtype
Freestanding
Building Size
5,400 SF
Building Class
C
Year Built
2004
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.50 AC
Zoning
Commercial
Frontage
92’ on State St

About 2615 STATE ST , EAST SAINT LOUIS, IL 62205

Single-Tenant NNN AutoZone Ground Lease: - 15-year operating history - 6 years remaining on the primary lease term - Absolute NNN with no landlord responsibilities - 10% rental increase on January 1, 2019 - Three 5-year options with 10% rental increases - Investment grade BBB credit rating Below Market Rent: Only .37¢ ($4.44 annually) per square foot; the current rent is well below market when compared with similar assets both locally and nationally Priced Below Replacement Cost: $81 PSF Infill Location: Property draws its customer base from over 90,000 people residing within 5-miles Lowest Price Point AutoZone Currently for Sale

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 02-17.0-326-041
  • 02-17.0-326-040
Land Assessment
$5,061
Improvements Assessment
$149,006
Total Assessment
$154,067
  • Listing ID: 11020688

  • Date on Market: 12/19/2017

  • Last Updated:

  • Address: 2615 State St, East Saint Louis, IL 62205

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