Single Tenant NNN Lease Investment Opportunity
The Maling Team of Colliers International is pleased to present the singletenant Hotshots located at 2511 S State Route 157 in Edwardsville, Illinois. Consisting of approximately 6,500 rentable square feet, the subject property was built in 2014 and is situated on a 1.6 acre lot (69,696 square feet).
The offering is a NNN lease for twenty (20) years with fixed increases every five (5) years at seven and a half (7.5%) percent. The tenant has two options of 5 years each to extend their lease. Each option period has a fixed increase amount. There is currently eighteen (18) years remaining on the base term.
The building is located along the major thoroughfare, S State Route 157 and has great street visibility. The subject is within close proximity to Southern Illinois University and is one of the only sports bars in the region.
The property is adjacent to Edison’s entertainment complex which is a combination of bowling, laser tag and arcade games. This draws large crowds to the area and Hotshots is the only adjacent restaurant/bar to the entertainment complex.
This investment is an excellent opportunity for an investor to take advantage of the current income stream and ideal location of this asset.
Nationally Recognized Tenant - Hotshots Sports Bar & Grill
Brand New Construction
Long Term Lease - 18 Years Remaining
Fixed Rental Increases
Located near Southern Illinois University - Edwardsville
One of the Only Sports Bars in the Area
New Location of an Established Town Favorite
- Property Type
Retail, Office
- Year Built
2014
- Total Building Size
6,500RSF
- Total Acres
0.15
- Number of Floors
14
- Property ID
1351863
