1351 S Dirksen Pky - Retail FOR SALE


Springfield, IL 62703
$2,980,800 USD
818-907-4696
1351 S Dirksen Pky, Springfield, IL for Sale
$2,980,800 USD
Retail - FOR SALE
1/5
null | 5% Cap Rate

1351 S Dirksen Pky
Springfield, IL 62703


HIGHLIGHTS

  • Irreplaceable Location | Property is located on a signalized hard corner which sees over 34,000 VPD and is the only pad to a 175,000 SF JCPenny which
  • Proximate to Freeways | Burger King is Ideally located across the street from the entrance to Interstate 55 and Route 29 which sees a combined 70,000
  • Property Equipped with Double Drive-Thru | Property open 19.5 hours per day
  • Fee Simple Ownership (Land and Building) | Depreciable asset
  • Absolute NNN Lease | Zero landlord responsibilities
  • Longstanding Commitment to Location | Tenant signed a brand new 20-year lease in 2019 with Six 5-year options

OVERVIEW

CBRE is pleased to present a Burger King for sale located at 1201 S Dirksen Pkwy in Springfield, IL . The property includes a 2,811 SF building on an oversized 1.41 ACRE lot with a double drive-thru and benefits from being situated on a signalized hard corner (S Dirksen Pkwy and S Grand Ave E), which sees over 34,000 VPD. The tenant signed a brand new 20-year Lease in 2019, and there are currently 14+ years remaining on the lease with Six 5-Year Options, showing a longstanding commitment to this location and market. The property is surrounded by notable retailers such as JCPenney, AutoZone, Caliber Collision, and many more. The tenant operates under an Absolute NNN Lease with zero Landlord responsibilities whatsoever. The Lease is guaranteed by Carrols LLC. Carrols was acquired by Burger King‘s parent company, Restaurant Brands International (RBI), in 2024. Restaurant Brands International is one of the world’s largest quick-service restaurant companies with approximately $23 billion in system sales and over 18,000 restaurants in 100 countries. Restaurant Brands International owns two of the world’s most prominent and iconic quick service restaurant brands – Tim Hortons® and Burger King®. These independently operated brands have been serving their respective guests, franchisees, and communities for over 50 years.

FOR SALE DETAILS

PRICE

$2,980,800 USD

PRICE/SF

$1,060 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burger King

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.41 AC

LAND SF

61,420 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

818-907-4696

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

818-907-4696

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