1050 Camp Jackson Rd - Bank FOR SALE


East Saint Louis, IL 62206
$505,505 USD
812-320-8483
1050 Camp Jackson Rd, East Saint Louis, IL for Sale
$505,505 USD
Bank - FOR SALE
1/3
null | 7.81% Cap Rate

1050 Camp Jackson Rd
East Saint Louis, IL 62206


HIGHLIGHTS

  • Investment-Grade Tenant Backed by U.S. Bancorp (NYSE: USB), One of the Largest Banking Institutions in the U.S.
  • Absolute NNN Ground Lease – Passive Ownership with No Landlord Responsibilities and No Building Maintenance Obligations
  • Minutes from Downtown St. Louis, I-255, I-55, I-64, and Major Employment Centers Throughout the Metro East Region | Part of the St. Louis, MO-IN MSA

OVERVIEW

Investment-Grade Tenant Backed by U.S. Bancorp (NYSE: USB), One of the Largest Banking Institutions in the U.S. with Approximately $692 Billion in Assets | Recession-Resistant Banking Tenant with a Long Operating History and Strong Market Presence Throughout the Midwest Absolute NNN Ground Lease – Passive Ownership with No Landlord Responsibilities and No Building Maintenance Obligations | 4.41 Years Remaining on a Corporately Guaranteed Lease with Three, 3-Year Options Remaining Established Banking Location – Tenant Has Been Operating at This Site Since 1987 Strategic Location Along Camp Jackson Rd (14,400 VPD), One of Cahokia’s Primary Commercial Corridors | Less than Two Miles to the Camp Jackson Rd & I-255 Interchange (52,500 VPD) Surrounded by National Retailers: McDonald’s, Walgreen’s, Valvoline Instant Oil Change, Boos Mobile, ALDI, Domino’s, Citi Trends, Aaron’s Rent To Own, Dollar Tree, MotoMart, and More Located Minutes from Downtown St. Louis, I-255, I-55, I-64, and Major Employment Centers Throughout the Metro East Region | Part of the St. Louis, MO-IL MSA with 2.8 Million Residents

FOR SALE DETAILS

PRICE

$505,505 USD

PRICE/SF

$154 USD /SF

CAP RATE

7.81%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

US Bank Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,541 SF

ZONING

Commercial

APN/PARCEL ID

06-02.0-301-023

ASK ABOUT THIS PROPERTY

Damien YoderMarcus & MillichapMore Info
812-320-8483

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Damien YoderMarcus & MillichapMore Info
812-320-8483

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.