108 N 4th St - Fast Food FOR SALE
Chillicothe, IL 61523 |
$1,216,000 USD
214-915-8890
108 N 4th St
Chillicothe, IL 61523
HIGHLIGHTS
- 17+ Yrs. Left on Recently Extended 20-Year NNN Lease, with (4) 5-Year Options to Renew and 10% Rental Increases Every 5 Years
- Property Is 15 Miles North of Downtown Peoria, IL, 100 Miles Southwest of Chicago, IL, and 150 Miles Northeast of St. Louis, MO
- TriStar Ventures Operates 26 Units Throughout IL and IN, and Generated Approximately $30,000,000 in Revenue in 2023
- The Lease Is Guaranteed by LBE Holdings, Which Includes 64 Units, and Had Totaling $87,000,000 in 2023
- Hardee’s Operates over 1,800 Restaurants Across the U.S. and 13 Other Countries.
- Peoria | Consistently Ranked on the BestPlaces Rankings in the U.S. | Population: 181,830+
FOR SALE DETAILS
PRICE
$1,216,000 USD
PRICE/SF
$356 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Hardee's
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Freestanding, Restaurant, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2005
SPRINKLERS
-
PARKING SPACES
18
LAND DETAILS
LAND ACRES
0.68 AC
LAND SF
29,621 SF
ZONING
-
APN/PARCEL ID
05-29-276-033
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214-915-8890
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214-915-8890
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