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1526 N 12th Street - Hardee's, Quincy, IL

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1526 N 12th Street - Hardee's

Quincy, IL 62301-1917

Property Type:Retail Sub Type:Fast Food Status:Existing Year Built:-
Building Size:3,500 SF Land Area:61 AC (2,657,160 SF)
For Sale Price:$1,607,000 Price/SF:$459.14
Cap Rate:5.75 %

Sale Notes:
Absolute NNN Lease - 14+ Yrs Remaining
10% Rent Bumps Every 5 Years
Tenant is 2nd Largest Carl's Jr/Hardee's Franchisee
278 Locations in 15 States
Lease is personally guaranteed by operator
Recent Store Remodel
Below Market Rent
Excellent 1031 Exchange Property
Part of a Portfolio - 2 Addl Hardee's Available for Purchase
Thriving local economy - over 100 manufacturers with the city
Located on the border of Illinois and Missouri
Hard Corner Location - 20,000 Vehicles Per Day
Prominent signage at the intersection
Nearby Quincy University
More than 47,000 permanent residents and 33,000 daytime employees with a 5 mile radius

Faris Lee Investments
Shaun D Riley
(949) 221-1807

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