2466 Troy RdEdwardsville, IL 62025

This exceptional investment opportunity presents a 7,410-square-foot auto shop in Edwardsville, Illinois, situated on a 0.92-acre lot at 2466 Troy Rd, zip code 62025. The property, built in 1995 and renovated in 2010, is currently under a 20-year absolute NNN lease with a corporate guarantee, offering significant long-term stability. The lease commenced upon closing and features annual rent bumps of 2.00%, ensuring consistent income growth. The current annual net operating income (NOI) stands at $222,163, yielding a 6.25% capitalization rate. The asking price is $3,554,608, translating to $479.70 per square foot. This strategically located property benefits from its proximity to major retailers such as Target, HomeGoods, Chick-fil-A, Sam's Club, and Lowe's, driving substantial traffic. The surrounding area boasts affluent demographics, with average household incomes exceeding $117,000 within a two-mile radius. The property's location is also advantageous due to its proximity to downtown St. Louis, approximately 15 miles away. This sale-leaseback transaction provides a secure, passive income stream with built-in rent increases and a strong tenant profile.