2235 State St - Fast Food FOR SALE


Chester, IL 62233
$1,572,291 USD
248-259-7922
2235 State St, Chester, IL for Sale
$1,572,291 USD
Fast Food - FOR SALE
1/5
null | 5.85% Cap Rate

2235 State St
Chester, IL 62233


HIGHLIGHTS

  • 2,212 SF Building on .58 Acres Built in 2017 | Directly Across from Walmart
  • KMAC Operated | 350+ Taco Bell Locations Across 10 States! Substantial Guarantee
  • 11 Year Absolute NNN Lease with 1% Annual Rent Escalations Providing Built-In Rent Growth

OVERVIEW

2235 State St presents an opportunity to acquire a single-tenant retail asset positioned along one of Chester’s primary commercial corridors. The property is improved with a modern fast-food restaurant building completed in 2018 and benefits from approximately 135 feet of frontage on State Street. Its location provides visibility and access within an established retail concentration that includes Walmart, McDonald’s, O’Reilly Auto Parts, and First Bank. The site includes dedicated parking and pylon signage, supporting customer convenience and brand exposure.

FOR SALE DETAILS

PRICE

$1,572,291 USD

PRICE/SF

$711 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,265 SF

ZONING

C

APN/PARCEL ID

18-167-026-00

ASK ABOUT THIS PROPERTY

Tyler TollefsonSummit Net LeaseMore Info
248-259-7922

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Tyler TollefsonSummit Net LeaseMore Info
248-259-7922

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