64 Bel Vis TrlLebanon, IL 62254

Property Details for 64 Bel Vis Trl

Lot size

2.26 AC

Property size (Sq ft)

6,000 SF

Property type

Retail properties

Property subtype

Auto shops

Description

This exceptional investment opportunity presents a 6,000 square foot auto shop in Lebanon, IL, leased to Big Tex Trailer, America's #1 professional-grade trailer manufacturer. The property boasts a strong corporate guarantee from Bain Capital-owned American Trailer Works, ensuring financial stability. Currently operating under a Net Lease (NN) agreement with a 2.5-year remaining lease term (5-year lease with a 5-year option), the property offers a 7.61% cap rate and a healthy NOI of $78,000. The lease includes a 2% rent bump at renewal. Situated on a 2.26-acre lot at 64 Bel Vista Trail, this location provides significant industrial outdoor storage capacity, a highly sought-after asset class. Its strategic location on Highway 50, one exit from I-64, offers easy access to St. Louis, within a 30-minute drive. The property benefits from tenant synergy with nearby businesses such as Sunbelt Rentals and SRS Distributions. The asking price is $1,025,000. This is a rare opportunity to acquire a well-located, high-performing asset with a strong tenant and significant upside potential. The below-market rent is easily replaceable given the warehouse and outdoor storage components. This property offers a secure investment with a strong return.

Location Insight

City

Lebanon

County

Madison

State

Illinois

Latitude

38.5885

Longitude

-89.858

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].