Fieldstone Mall

NAI DESCO is pleased to present Fieldstone Mall, a 9,450-square-foot multi-tenant retail center located in Smithton, Illinois (St. Louis MSA). The property is 92% occupied, secured by four (4) tenants, and offers a strong value-add opportunity for investors. Buyers can significantly increase value by converting the current modified gross leases to NNN leases upon lease expiration. Strategically positioned off IL State Route 159, the property benefits from high visibility, with 12,646 cars per day passing by. The 10-mile population surrounding the property is 105,447, while the 3-mile average household income is $126,959 per year. This investment presents an ideal opportunity for a 1031 exchange buyer seeking a stable, income-producing asset with potential for enhanced returns  

Property Highlights • Value Add Opportunity - Significantly increase value by converting current modified gross leases to NNN leases upon lease expiration • 92% Occupied • Priced at $109.95 Per Square Foot • Great 1031 Exchange Opportunity • Located on State Route 159, a major north to south