SINGLE TENANT NNN. DENNY S 27 Junction Drive Glen Carbon, IL
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1 27 Junction Drive Glen Carbon, IL
2 INVESTMENT SUMMARY Colliers is pleased to present the single tenant triple net leased property at 27 Junction Drive West in Glen Carbon, Illinois. The tenant is a Denny s occupying the total building area of 4,510 square feet, all of which sits on a 50,336 square foot lot. There are approximately 51 parking spaces available that run with the parcel. The property is an outparcel to Walmart and within close proximity to the 270 and 55 Interstates. Close Proximity to Southern Illinois University Edwardsville & Edwardsville Highschool Outparcel to Walmart Supercenter Other Surrounding Retailers Include; PetSmart, Office Max, Applebee s, Jack in the Box, KFC, Jimmy John s, Little Caesars Pizza, Aldi, Walgreens, Sam s Club and Lowe s Home Improvement Store.
3 EXECUTIVE SUMMARY Executive Summary PROPERTY LOCATION G L E N 27 Junction Drive Glen Carbon, Illinois C A R B O N I L L I N O I S 4,510 SF NC 1998 JU Built/ Renovated TI 50,336 SF/ 1.16 AC Lot Size ±51 Spaces 11 per 1,000 SF Parking W ES T Rentable Building Area SUBJECT PROPERTY DR IV E $112,933/ 6.5% ON Current NOI / Cap Rate OY $1,725,000 TR Price RO AD OFFERING SUMMARY / APN INVESTMENT HIGHLIGHTS Out parcel to Walmart Super-center, Office Max, Goodwill, PetSmart Located in Retail Hub of the Region. High Average Household Income Great Building and Monument Signage EN GL N BO R CA AD O R COTTONWOOD ROAD
4 GLEN CARBON, ILLINIOS The Village of Glen Carbon is a vibrant and growing community located twenty minutes northeast of downtown St. Louis in Madison County, Illinois. Individuals that want to live and shop in Glen Carbon have direct access to Interstate I-270 through two exit/entrance points at Illinois Route 157 and Illinois Route 159. Interstate 55 and Interstate 70 are also just minutes away. In 2009, Glen Carbon was ranked among the Top 100 Best Places to Live by CNN Money Magazine. Glen Carbon has a population of 12,974 and is praised for its wide selection of affordable housing, park land, bike and walking trail systems. Glen Carbon is home to a variety of quaint restaurants and shops as well as retail shopping areas and is well known for its annual Homecoming Celebration held every June. The Village of Glen Carbon is less than five minutes from the Southern Illinois University Campus and has direct access to the Madison County Transit system which is well known in the Southwest region of the State. The Village of Glen Carbon is definitely a place you want to be, and as many of our residents say, If you are lucky enough to call Glen Carbon home, you are lucky enough. SUBJECT PROPERTY POPULATION 1 - Mile 3 - Miles 5 - Miles 2022 Projection 7,252 39,035 62, Estimate 6,983 38,251 60, Census 6,503 36,799 58,521 Historical Annual Growth % 3.94% 4.08% Average Household Income $87,093 $92,220 $92,036 Source:
5 G L E N C A R B O N I L L I N O I S Los Angeles Office 865 S. Figueroa St. Suite 3500 Los Angeles, CA Christopher Maling David Maling Erin Torney Joe Hill Craig Stevens Local Agent Local Agent License No: Lic. No Lic. No chris.maling@colliers.com david.maling@colliers.com erin.torney@colliers.com joe.hill@colliers.com craigstevens@charlesdunn.com
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