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Service King 1607 W Wernsing Ave

25,000 SF Retail Building Effingham, IL 62401 $1,543,445 ($62/SF)

Retail Space Illinois Effingham 1607 W Wernsing Ave, Effingham, IL 62401

Executive Summary

Addison Williams from CBRE is pleased to offer for sale a dark single tenant net leased FleetPride Service Center, the nation’s largest independent distributor of heavy-duty truck and trailer parts. Situated just off the busy US-40, FleetPride has over 8 years of lease term remaining. The lease contains 2.25% annual rental escalations.
The lease is on a NN+ basis, whereby Landlord has zero responsibilities aside from the repair and replacement of the structural elements of the building.
FleetPride, Inc. (Tenant) currently operates 300+ locations, including 85+ services centers, with locations in 47 states across the country.

Attachments

Effingham, IL - 1607 W Wernsing - OM Comp

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
25,000 SF
Year Built
1987
Price
$1,543,445
Price Per SF
$62
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
3.82 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
Commercial
Parking
83 Spaces (3.32 Spaces per 1,000 SF Leased)
Frontage
337 FT on W Wernsing Ave

Amenities

  • Freeway Visibility
  • Signage
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Nearby Major Retailers

CrossFit
Petro Travel Center
Midland States Bank
Martin's IGA

PROPERTY TAXES

Parcel Number 0311030032 Improvements Assessment $329,070
Land Assessment $26,570 Total Assessment $355,640

PROPERTY TAXES

Parcel Number
0311030032
Land Assessment
$26,570
Improvements Assessment
$329,070
Total Assessment
$355,640
(248) 351-2005

Contact

  • Listing ID: 34110809

  • Date on Market: 12/6/2024

  • Last Updated:

  • Address: 1607 W Wernsing Ave, Effingham, IL 62401

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Service King | 1607 W Wernsing Ave
(248) 351-2005 x

Service King | 1607 W Wernsing Ave

Addison Williams

(248) 351-2005

(248) 351-2005

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