1601-1637 Washington Ave - Freestanding FOR SALE
Alton, IL 62002 |
1601-1637 Washington Ave
Alton, IL 62002
HIGHLIGHTS
- In-place NOI of $189,069 with a complementary tenant line-up including Family Dollar, Subway, Little Caesars, and the United States Postal Service.
- The current tenants' weighted average tenure is 16 years, with the US Post Office and Maneke Jewelers dating back to 1961 and Family Dollar to 2000.
- Strong leasing momentum with two leases to 5-Star Furniture and the Alton Supermarket in 2019 and an average of 3.5 years remaining between them.
- Anchored by Family Dollar, strengthening this investment as the retailer is recession-proof and is considered an essential business by the government.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Washington Square Shopping Center
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
34220
STORIES
3
YEAR BUILT
1961
SPRINKLERS
-
PARKING SPACES
250
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
23-2-08-07-10-102-029
