DENNY'S | $1,476,000 | 6.50% CAP
The Deltondo Group is pleased to present an incredible investment opportunity at 1130 South Illinois Street, Belleville. Located near the renowned Southwestern Illinois College with a student population of 6,900+, this property boasts a brand-new 15-year lease with Denny's. The lease features annual rent increases of 2%, ensuring a steady and attractive return on investment. Positioned along State Highway 15, this prime highway location offers outstanding visibility and prominent pylon signage. With a high daily traffic volume of over 21,400 vehicles, this property is strategically located on the main highway traveling to St. Louis. Adjacent to the Belle-Clair Fairground & Expo Center, this property benefits from its proximity to a variety of monthly events, including family-friendly gatherings, flea markets, sporting events, antique shows, and auto swap meets. The demographics in the area are impressive, with an estimated population of 39,760 within a 5-mile radius and a household income of $67,139. Additionally, Scott Air Force Base, with over 13,000 people, is just 9 miles away. Don't miss this opportunity to invest in a prime location with a trusted tenant.