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Mt Vernon, IL - Charter Communications

$1,120,000

5111 Lake Terrace NE, Mount Vernon, IL 62864

Active
Last Updated: 10/21/2025

8

Cap Rate

89,615

NOI

Details:
Cap Rate:    8%
NOI:    $89,615
Building Size:    16,800 sqft
Lot Area:    4.56 acres
Year Built:    1996
Zoning:    General Industrial
Year Last Renovated:    2018
Description:

• Charter Communication Inc. Corporate signed lease
• The tenant recently executed a lease extension, which includes two additional five-year option periods to extend
• Charter Communication Inc. has occupied the property for over 15 years and recently executed a lease extension, demonstrating their long-term commitment and reliability

• The property is located in a strong retail corridor with national/credit tenants such as Lowe’s Home Improvement, Walmart Supercenter, Kroger, Marshalls, Kohl’s, ALDI, Tractor Supply Co., and more
• Located two miles from the I-64 and I-57 interchange, which sees approximately 45,800 vehicles daily, providing increased exposure to the site

Map:
Location
Gallery