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Steak n Shake 130 N 44th St 4,190 SF Retail Building Mount Vernon, IL 62864 $1,667,205 CAD ($397.90 CAD/SF) 7.06% Cap Rate
Investment Highlights
- Secure pure NNN lease in place
- Strong highway site
- Tenant may be willing to vacate early. Outstanding redevelopment opportunity
- Surrounding restaurants perform at high levels
Executive Summary
Pure NNN Lease Structure
Tenant may be willing to vacate early
Tenant may be willing to vacate early
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,190 SF
Building Class
B
Year Built
2017
Price
$1,667,205 CAD
Price Per SF
$397.90 CAD
Cap Rate
7.06%
NOI
$117,705 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.93 AC
Zoning
B-3 - The property is zoned B-3, Interchange Business.
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 06-35-201-006 | Improvements Assessment | $191,481 CAD |
| Land Assessment | $79,909 CAD | Total Assessment | $271,391 CAD |
Property Taxes
Parcel Number
06-35-201-006
Land Assessment
$79,909 CAD
Improvements Assessment
$191,481 CAD
Total Assessment
$271,391 CAD
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Steak n Shake | 130 N 44th St
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