567 12th St - Freestanding FOR SALE


Carlyle, IL 62231
$1,135,000 USD
248-419-3271
567 12th St, Carlyle, IL for Sale
$1,135,000 USD
Freestanding - FOR SALE
1/6
null | 7.08% Cap Rate

567 12th St
Carlyle, IL 62231


HIGHLIGHTS

  • Investment Grade Credit Tenant | S&P: 'BBB+' 10 Year Double Net (NN) Lease | Minimal Landlord Responsibility.
  • Brand New 2023 BTS Construction. Signalized Corner Location | Potential C-Store Redevelopment.
  • Multiple Points of Ingress/Egress | Accessible from 4 Different Streets.
  • 10% Rental Rate Increase at Year 6 Three (5 Year) Options to Renew with 10% Increase at Each.
  • 10 Mile Population 17,454 3 Mile Average Household Income $72,901 17,396 Cars Per day at Highway 50 & 12th Street.
  • On Main Thoroughfare | Prominent Location in Downtown Carlyle.

OVERVIEW

Fortis Net Lease is pleased to present this brand new 2,550 SF T-Mobile store located in Carlyle, Illinois. This 10 year Double Net (NN) Lease will require minimal landlord responsibilities. The lease provides a 10% rent increase in year 6 and at each of the three (5 year) options. The store is preparing to begin construction with a rent start date on track for July 2023. This T-Mobile benefits from being adjacent to a newly developed Family Dollar | Dollar Tree store & medical office, and has excellent visibility as it is located on the hard signalized corner of Highway 50 & 12th Street which sees 17,396 cars per day. It is easily accessible from 4 streets as it has multiple points of ingress & egress into this development. With a prominent location in downtown Carlyle, across the streets sits a CVS store, Carlyle Home Center, & VFW Club. The ten mile population from the site is 17,454. The three mile household income is $72,901. This investment will offer a new owner continued success due to the strength and proven profitability of the tenant. List price reflects a 7.08% cap rate based on NOI of $80,325.

FOR SALE DETAILS

PRICE

$1,135,000 USD

PRICE/SF

$445 USD /SF

CAP RATE

7.08%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

T-Mobile

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

C-1

APN/PARCEL ID

08-07-13-478-008

ASK ABOUT THIS PROPERTY

Kyle CarsonFortis Net LeaseMore Info
248-419-3271

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Kyle CarsonFortis Net LeaseMore Info
248-419-3271

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