Investment Opportunity | 1126–1144 Vaughn Rd. & E. Edwardsville Rd. | Wood River, IL 62095
High-Yield Multi-Tenant Retail Investment
Kunkel Commercial Group is pleased to present the opportunity to acquire a 100% occupied multi-tenant retail investment property located in one of Wood River's strongest commercial corridors.
This 13,400 SF retail center sits on 2.50 acres with 103 parking spaces and offers investors a stable income-producing asset with an attractive 9.3% CAP Rate.
Strategically positioned less than two miles from Interstate 255, the property benefits from excellent visibility and traffic along Vaughn Road and is surrounded by established national retailers, including Walgreens and McDonald's.
Investment Highlights
Sale Price: $1,750,000
CAP Rate: 9.4%
Net Operating Income (NOI): $164,500
100% Leased Multi-Tenant Retail Center
13,400 SF Retail Building
2.50 Acres
Built in 2009
103 Parking Spaces (7.63 spaces per 1,000 SF)
B-3 Highway Business Zoning
Monument Signage
Tenant-Controlled HVAC
Professionally Managed Property
Excellent Visibility and Access
Located Between Walgreens and McDonald's
Less Than 2 Miles from Interstate 255
Financial Statements and Pro Forma Available to Qualified Investors
This investment presents an excellent opportunity to acquire a stabilized retail asset with strong cash flow in a well-established commercial location within the Metro East market.