This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

3732 Nameoki Rd
Granite City, IL 62040

Retail Property For Sale

Investment Highlights

  • ABSOLUTE NNN LEASE
  • STRATEGIC MEDICAL HUB
  • LONG-TERM OPERATING HISTORY
  • INVESTMENT GRADE TENANT
  • HARD CORNER LOCATION
  • ASSUMABLE DEBT 4.68% INTEREST

Executive Summary

6 WALGREENS Portfolio with $17,672,313 of assumable debt at a very attractive interest rate of 4.68%
Walgreens’ portfolio consists of properties secured with long-term NNN leases, ensuring stable and reliable income streams. Strategically located in thriving markets, these high-performing properties offer exceptional investment opportunities with intrinsic value. The portfolio also includes $17,672,313 of assumable debt at a very attractive interest rate of 4.68%, which is exceptionally rare in today’s market, providing a low barrier to entry for investors.
TD Commercial Group is proud to present an exceptional portfolio of six prime Walgreen’s properties, each offering stable income streams and strategic locations with long-term ABSOLUTE NNN leases from a renowned Walgreen’s Boots Alliance. The property at 3425 Middle Road, Bettendorf, IA - Located in the bustling Quad Cities metropolitan area, with a large lot of 3.25 acres and significant reported sales, this high-traffic location is a prime investment opportunity. At 2503 5th Avenue S, Fort Dodge, IA - Situated in a vibrant commercial area with strong agricultural and industrial bases, this property benefits from significant consumer traffic and accessibility. The retail property at 3732 Nameoki, Granite City, IL (St. Louis) - Located near St. Louis, this property attracts a large customer base from both Granite City and the metropolitan area, ensuring consistent returns. 1251 4th Street, Mason City, IA - This well-located retail space in Northern Iowa is positioned in a high-traffic area, offering modern amenities and ample parking. Finally, 801 Independence, Virginia Beach, VA - Prime retail space in Virginia Beach benefits from high visibility and accessibility in a city known for its strong tourism industry and diverse economy.

PROPERTY FACTS

Sale Type
Investment
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Drug Store
Building Size
16,380 SF
Building Class
B
Year Built
1997
NOI
$213,109
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.98 AC
Zoning
0330 - Improved - Commercial
Parking
95 Spaces
Frontage
257 FT on Nameoki Rd

Amenities

  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
22-2-20-08-06-102-012
Land Assessment
$205,220
Improvements Assessment
$317,660
Total Assessment
$522,880
  • Listing ID: 32441810

  • Date on Market: 7/12/2024

  • Last Updated:

  • Address: 3732 Nameoki Rd, Granite City, IL 62040

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}