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Charter Communications 5111 Lake Ter NE 16,800 SF Industrial Building Mount Vernon, IL 62864 $1,515,969 CAD ($90.24 CAD/SF) 8.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate Signed Lease | Options To Extend | Scheduled Rental Increases
- Strong Retail Corridor | High Traffic Counts (45,800 VPD)
- NN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
• 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
• 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
PROPERTY FACTS
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PROPERTY TAXES
| Parcel Number | 06-27-276-013 | Improvements Assessment | $290,481 CAD |
| Land Assessment | $20,159 CAD | Total Assessment | $310,639 CAD |
PROPERTY TAXES
Parcel Number
06-27-276-013
Land Assessment
$20,159 CAD
Improvements Assessment
$290,481 CAD
Total Assessment
$310,639 CAD
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Charter Communications | 5111 Lake Ter NE
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