Investment Overview:
This prime commercial property offers a stable, long-term investment opportunity with 13.5 years remaining on a 20-year absolute NNN lease. The lease includes four 5-year renewal options, ensuring long-term income stability. The property benefits from 7.5% scheduled rent increases every 5 years, guaranteeing consistent growth in cash flow.
Key Features:
Located in a high-traffic retail corridor along Illinois State Route 3, the property experiences approximately 27,000 vehicles daily, making it an ideal spot for consistent visibility and accessibility. Its strategic positioning is further strengthened by its proximity to major national retailers, including Dollar Tree, McDonald's, Taco Bell, and the United States Postal Service. This enhances the foot traffic and overall appeal of the location.
Built in 2018, the property boasts modern construction that ensures durability and efficiency, reducing the likelihood of major maintenance issues. Ownership is further simplified, as the tenant is responsible for all property maintenance, taxes, and insurance, allowing for a truly hassle-free investment experience.
Appeal & Accessibility:
With its excellent location and strong visibility, the property offers easy access to both local and regional traffic. Operated by a well-established franchisee of the globally recognized Burger King brand, the property is backed by a proven tenant with a strong track record. Situated in a vibrant commercial environment, this investment offers consistent income potential with minimal involvement, making it a highly attractive opportunity.
The property at 350 Columbia Center Drive is located in Columbia, Illinois, a vibrant community just 15 miles from St. Louis. Columbia features excellent accessibility through I-255, U.S. Highway 50, and Illinois State Route 3. The area is home to Bolm-Schuhkraft Memorial City Park, situated across from the property, offering year-round recreational opportunities. Columbia boasts a thriving economy, low unemployment, and a high median household income, while St. Louis enhances the regional appeal with its diverse economy, cultural attractions, and historic landmarks. This area provides a strong foundation for economic growth and stability.
Pasha Darvishian
Darvishian Investment Group
