5111 Lake Ter NE - Warehouse FOR SALE


Mount Vernon, IL 62864
$1,120,000 USD
570-762-6075
5111 Lake Ter NE, Mount Vernon, IL for Sale
$1,120,000 USD
Warehouse - FOR SALE
1/22
null | 8% Cap Rate

5111 Lake Ter NE
Mount Vernon, IL 62864


HIGHLIGHTS

  • Corporate Signed Lease | Options To Extend | Scheduled Rental Increases
  • NN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
  • Strong Retail Corridor | High Traffic Counts (45,800 VPD)
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• Charter Communication Inc. Corporate signed lease • The tenant recently executed a lease extension, which includes two additional five-year option periods to extend • Charter Communication Inc. has occupied the property for over 15 years and recently executed a lease extension, demonstrating their long-term commitment and reliability • Located two miles from the I-64 and I-57 interchange, which sees approximately 45,800 vehicles daily, providing increased exposure to the site • Strong tenant synergy promotes crossover shopping to the subject property • $73,470 average household income

FOR SALE DETAILS

PRICE

$1,120,000 USD

PRICE/SF

$67 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Charter Communications

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

undefined, Distribution, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

UTILITIES

-

CLEAR CEILING HT

24 Ft

DOCKS

5

DRIVE INS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

4.56

LAND SF

198,634

ZONING

General Industrial

APN/PARCEL ID

06-27-276-013

ASK ABOUT THIS PROPERTY

Jack CornellSRS Real Estate PartnersMore Info
570-762-6075

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

Jack CornellSRS Real Estate PartnersMore Info
570-762-6075

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