3732 Nameoki Rd | Granite City, IL 62040
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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.
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
Property Type
Retail
Property Subtype
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
Parcel Number | 22-2-20-08-06-102-012 | Improvements Assessment | $317,660 |
Land Assessment | $205,220 | Total Assessment | $522,880 |
PROPERTY TAXES
Parcel Number
22-2-20-08-06-102-012
Land Assessment
$205,220
Improvements Assessment
$317,660
Total Assessment
$522,880
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