689-699 S Monroe St

689–699 S Monroe St is positioned along a primary commercial corridor in Lebanon, offering strong visibility and convenient access for local traffic. The property serves the established retail base of the community and benefits from regional connectivity to Springfield via Interstate 44. Surrounding retailers and service providers support consistent daily traffic in the immediate area.This 55,000 SF strip center is offered for sale at $2,850,000 and provides stable in-place income with contractual growth. El Charro occupies 3,848 SF and will remain, while the seller intends to execute a sale-leaseback on the remaining space at $20,500 per month base rent plus the income from the existing tenant, with a 3-year minimum term and 2% annual increases in base rent. Excluding El Charro, tenant is an entity of the building's current owner. The structure offers immediate cash flow with defined escalation and term stability.