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
REGIONS BANK LEASE WITH VALUE-ADD POTENTIAL
112 East St. Louis Street, Nashville, IL 62263
Site details
Site details
Contacts
Contacts
-
Nick Garavaglia
-
Paul Fusz
demographics
Demographics
| 1 Mile | 3 Miles | 5 Miles | |
|---|---|---|---|
Population |
3,077 | 3,531 | 4,054 |
Daytime Population |
3,756 | 5,485 | 5,485 |
Households |
1,278 | 1,450 | 1,654 |
Avg. Household Income |
$70,398 | $71,776 | $73,596 |
Median Household Income |
$52,348 | $53,678 | $55,030 |
