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2159 Madison Ave 3,520 SF Retail Building Granite City, IL 62040 $2,232,000 ($634.09/SF) 5.75% Cap Rate
Executive Summary
Corporate QuikTrip Gas Station and C-Store Absolute NNN Lease:
– 35-year operating history at the property with 4 years remaining
– QuikTrip is one of the nation’s leading convenience and gasoline retailers with over 1,100 convenience stores in 20 states
– Ranked as one of the “Best Companies To Work For” for 15+ years (Fortune)
– #2 “Best Convenience Stores in the U.S.” – American Consumer Satisfaction Index (2024)
– #9 “Largest Convenience Store Retailers” – CSP (2025)
Across from Gateway Regional Medical Center (343-Beds, 705 Employees), One of the Largest Employers in the Area
Hard-Corner Signalized Intersection (21,000+ CPD) with Frontage Along Madison Avenue
St. Louis MSA is One of the Largest MSA’s in the United States: 2.8 million residents
– 35-year operating history at the property with 4 years remaining
– QuikTrip is one of the nation’s leading convenience and gasoline retailers with over 1,100 convenience stores in 20 states
– Ranked as one of the “Best Companies To Work For” for 15+ years (Fortune)
– #2 “Best Convenience Stores in the U.S.” – American Consumer Satisfaction Index (2024)
– #9 “Largest Convenience Store Retailers” – CSP (2025)
Across from Gateway Regional Medical Center (343-Beds, 705 Employees), One of the Largest Employers in the Area
Hard-Corner Signalized Intersection (21,000+ CPD) with Frontage Along Madison Avenue
St. Louis MSA is One of the Largest MSA’s in the United States: 2.8 million residents
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,520 SF
Building Class
C
Year Built
1994
Price
$2,232,000
Price Per SF
$634.09
Cap Rate
5.75%
NOI
$128,326
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.28 AC
Opportunity Zone
Yes
Frontage
219’ on Madison Ave
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 22-2-20-18-18-303-002 | Improvements Assessment | $346,960 |
| Land Assessment | $70,320 | Total Assessment | $417,280 |
Property Taxes
Parcel Number
22-2-20-18-18-303-002
Land Assessment
$70,320
Improvements Assessment
$346,960
Total Assessment
$417,280
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2159 Madison Ave
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