Property Type:
Investment, Retail
Acreage:
1.35

Sale/Lease:
Sale
Sale Price/Sq.Ft:
Sale Price:
$ 1,200,000.00
Zoning:
C1B-L
Cap Rate:
9%
Address:

229 North 48th Street,
Quincy, Illinois 62305

Property Overview

* INVESTMENT PROPERTY

* 9%+ Cap Rate

* NNN Lease with 9 years remaining

* Lease is guaranteed by one of the largest arcade management companies in the country (Family Entertainment Group)

* Significant upside potential

* If sales exceed a certain amount, Tenant pays additional percentage rent, making this a 12%+ Cap Rate

* $1,200,000.00


Listing Agent
314-677-6662
Co-Listing Agent
314-677-6663