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Fieldstone Mall 4001 State Route 159 9,450 SF 92% Leased Retail Building Smithton, IL 62285 $1,160,000 ($122.75/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Value Add Opportunity - Significantly increase NOI by converting current modified gross leases to NNN leases upon lease expiration
- Great 1031 Exchange Opportunity
- 12,646 Vehicles Per Day
- 92% Occupied
- Located on State Route 159, a major north to south thoroughfare
EXECUTIVE SUMMARY
NAI DESCO is pleased to present Fieldstone Mall, a 9,450-square-foot multi-tenant retail center located in Smithton, Illinois (St. Louis MSA). The property is 92%
occupied, secured by four (4) tenants, and offers a strong value-add opportunity for investors. Buyers can significantly increase NOI by converting the current modified
gross leases to NNN leases upon lease expiration.
Strategically positioned off IL State Route 159, the property benefits from high visibility, with 12,646 cars per day passing by. The 10-mile population surrounding
the property is 105,447, while the 3-mile average household income is $126,959 per year. This investment presents an ideal opportunity for a 1031 exchange buyer
seeking a stable, income-producing asset with potential for enhanced returns.
occupied, secured by four (4) tenants, and offers a strong value-add opportunity for investors. Buyers can significantly increase NOI by converting the current modified
gross leases to NNN leases upon lease expiration.
Strategically positioned off IL State Route 159, the property benefits from high visibility, with 12,646 cars per day passing by. The 10-mile population surrounding
the property is 105,447, while the 3-mile average household income is $126,959 per year. This investment presents an ideal opportunity for a 1031 exchange buyer
seeking a stable, income-producing asset with potential for enhanced returns.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
9,450 SF
Building Class
B
Year Built/Renovated
1992/2006
Price
$1,160,000
Price Per SF
$122.75
Cap Rate
6.50%
NOI
$75,400
Percent Leased
92%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
0.82 AC
Zoning
Commercial
Parking
40 Spaces (4.23 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- D&F Home Builders
- Real Estate
- 2,600 SF
- $13.35
- Modified Gross
- Aug 2027
- House Of Style
- Services
- -
- -
- -
- -
- Nojacks Bar & Grille
- Accommodation and Food Services
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| D&F Home Builders | Real Estate | 2,600 SF | $13.35 | Modified Gross | Aug 2027 | |
| House Of Style | Services | - | - | - | - | |
| Nojacks Bar & Grille | Accommodation and Food Services | - | - | - | - |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
| Space | Size | Space Use | Position | Available |
| 1st Floor | 750 SF | Retail | - | Now |
1st Floor
| Size |
| 750 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 750 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
PROPERTY TAXES
| Parcel Number | 13-28.0-206-047 | Improvements Assessment | $284,046 |
| Land Assessment | $27,716 | Total Assessment | $311,762 |
PROPERTY TAXES
Parcel Number
13-28.0-206-047
Land Assessment
$27,716
Improvements Assessment
$284,046
Total Assessment
$311,762
1 of 9
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Fieldstone Mall | 4001 State Route 159
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