Retail Properties

REGIONS BANK LEASE WITH VALUE-ADD POTENTIAL

112 East St. Louis Street, Nashville, IL 62263

Nick Garavaglia

Paul Fusz

Site details

Site details
  • CBRE is pleased to present to qualified investors the opportunity to acquire the Regions Bank Anchored,  10,565 SF, two story building (the “Property”). The Property is located in Nashville, Illinois and is being offered free and clear of any debt. Ownership anticipates investors consider the strong property characteristics and Tenant creditworthiness when evaluating the Property.

     


    Offering Summary:
    • Offering Price $450,000
    • Offering Cap Rate 10.00%
    • Current Base Annual Rent (NOI) $44,856.06

    FINANCIAL SNAPSHOT
    • Year 1 Gross Revenue $72,957.00
    • RE Taxes (2020) $7,588.66
    • Property Insurance $2,061.00
    • Landscaping / Snow Removal $1,300.00
    • Common Area Maintenance (Estimate) $6,039.17
    • Utilities (Estimate) $10,125.83
    • Administrative 
    • (Accounting / Legal / Etc) $986.28
    • Net Operating Income: $44,856.06

demographics

Demographics
1 Mile3 Miles5 Miles

Population

3,0773,5314,054

Daytime Population

3,7565,4855,485

Households

1,2781,4501,654

Avg. Household Income

$70,398$71,776$73,596

Median Household Income

$52,348$53,678$55,030

Images