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2615 State St
East Saint Louis, IL 62205
AutoZone Ground Lease · Retail Property For Sale
Property Facts
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
| Parcel Numbers | Improvements Assessment | $149,006 | |
| Land Assessment | $5,061 | Total Assessment | $154,067 |
Property Taxes
