US Bank for Sale in Sauget, IL
Sauget, IL
Key Investment Metrics
Price
$505,505
Cap Rate
7.8%
Net Operating Income
$39,480
Building Size
3000 SF
Land Area
0.77 Acres
Remaining Term
4.4 years
Lease Expiration
10/31/2030
Lease Term
20 years
Lease Commencement
10/31/2010
Lease Type
Absolute NNN
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
1986
Tenancy
Single
Rent Increases
4% at Each Option
Property overview
US Bank in Sauget
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 3,000 SF
- Land area
- 0.77 acres
- Year built
- 1986
- Lease type
- Absolute NNN
- Lease expiration
- 10/31/2030
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.