107 W Lincoln Ave - Retail FOR SALE


Charleston, IL 61920
$2,666,929 USD
480-339-4331
107 W Lincoln Ave, Charleston, IL for Sale
$2,666,929 USD
Retail - FOR SALE
1/2
null | 7% Cap Rate

107 W Lincoln Ave
Charleston, IL 61920


HIGHLIGHTS

  • Long-Term NNN Lease
  • Annual Rental Increases
  • Strong Franchisee Guarantee

OVERVIEW

Surmount is pleased to present the exclusive listing for a Sonic located at 107 W Lincoln Ave, Charleston, IL 61920. The site consists of roughly 1,660 rentable square feet of building space on an estimated 0.6-acre parcel of land. This Sonic is subject to a 20-year Triple Net (NNN) lease, which commenced 7/22/2024. The current annual rent is $186,685 and has scheduled increases of 1.50% annually.

FOR SALE DETAILS

PRICE

$2,666,929 USD

PRICE/SF

$1,257 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sonic

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Cassandra MosserSurmountMore Info
480-339-4331

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Cassandra MosserSurmountMore Info
480-339-4331

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.