4105 Broadway St | Mount Vernon, IL 62864
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- LoopNet Team
4105 Broadway St
Mount Vernon, IL 62864
New 7 Brew | 15-Yr NNN | 25-Unit Guarantor · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Brand-new construction asset with a double drive-thru
- Absolute NNN lease | Zero Landlord responsibilities
- Excellent access and visibility from Broadway Street which sees ±22,530 VPD
- New, 15-year ground lease with 10% rental increases every 5 years throughout the initial term and options yielding an Avg CAP of 6.90%
- Strong guaranty with experienced and successful operators | Lease is backed by Brew Horizons LLC, a 25-unit franchisee
- Outparcel to Times Square Mall | Tenants include Hobby Lobby, Ross, Big Lots, Hibbett Sports, Dunham’s Sports, Bath & Body Works, among others
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
510 SF
Building Class
B
Year Built
2024
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
0.87 AC
Zoning
Commercial (NEC) - Commercial
Parking
12 Spaces (23.53 Spaces per 1,000 SF Leased)
Frontage
240’ on Broadway St
AMENITIES
- Freeway Visibility
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 06-36-102-016 | Improvements Assessment | $70,453 |
| Land Assessment | $189,485 | Total Assessment | $259,938 |
PROPERTY TAXES
Parcel Number
06-36-102-016
Land Assessment
$189,485
Improvements Assessment
$70,453
Total Assessment
$259,938
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