1126-1144 Vaughn Rd - Storefront FOR SALE


Wood River, IL 62095
$1,750,000 USD
618-977-1846
1126-1144 Vaughn Rd, Wood River, IL for Sale
$1,750,000 USD
Storefront - FOR SALE
1/8
null | 9.3% Cap Rate

1126-1144 Vaughn Rd
Wood River, IL 62095


HIGHLIGHTS

  • Professionally Managed
  • Less than 2 miles from Interstate 255

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$130 USD /SF

CAP RATE

9.3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Investment Property! 100% Leased!

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

103

LAND DETAILS

CROSS STREETS

E Edwardsville Rd

LAND ACRES

2.5 AC

LAND SF

108,900 SF

ZONING

Commercial

APN/PARCEL ID

19-2-08-22-20-401-024

ASK ABOUT THIS PROPERTY

David KunkelKunkel Commercial GroupMore Info
618-977-1846

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David KunkelKunkel Commercial GroupMore Info
618-977-1846

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