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4001 State Route 159
Smithton, IL 62285

$1,160,000 USD

Storefront For Sale  •  9,450 SF

Property Details

  • Property Type Storefront
  • Total Building Size 9,450 SF
  • Lot Size 0.82 AC
  • Building Class B
  • Year Built 1992
  • Cap Rate 6.50 %
  • Tenancy Multiple
  • Zoning Commercial
0 Transit Score
28 Walk Score

Highlights

Value Add Opportunity - Significantly increase NOI by converting current modified gross leases to NNN leases upon lease expiration
92% Occupied
Great 1031 Exchange Opportunity
Located on State Route 159, a major north to south thoroughfare
12,646 Vehicles Per Day

Property Flyers

Cap Rate: 6.50 %

Major Tenants

Tenant SF Occupied Lease End Date
D&F Home Builders 2,600 SF 8/1/2027
House Of Style
Nojacks Bar & Grille

Amenities

  • Signage

Public Transportation

Commuter RailDriveWalkDistance
Belleville (Lambert Airport Shiloh-Scott - St. Louis MetroLink (MetroLink)) 14 min - 8.0 mi
Swansea (Lambert Airport Shiloh-Scott - St. Louis MetroLink (MetroLink)) 15 min - 8.6 mi
AirportDriveWalkDistance
Scott AFB/Midamerica St Louis 32 min - 17.2 mi
St Louis Lambert International 50 min - 34.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 40
Type: Surface
Included in Rent: Yes
Corbin Cox 314-994-4444 NAI DESCO
Corbin Cox 314-994-4444 NAI DESCO