This Property is no longer advertised on Showcase.com.
Off Market
1/4

2516 E Lincolnway
Sterling, IL 61081


HIGHLIGHTS

  • Franchisee Guaranteed | Rental Increases | 15-Year Sale Leaseback
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • 62 Unit Franchisee Guaranty | FMI 250+ Unit Operator
  • Hard Corner Intersection | Large Pylon Sign | Drive-Thru Equipped
  • Nearby 24-Hour Walmart Supercenter

OVERVIEW

KFC / Long John Silver’s is located at the hard corner intersection of E Lincolnway / State Highway 2 and Woodlawn Road, averaging more than 19,700 vehicles passing by daily. The site is complete with a large pylon sign, providing excellent visibility along both cross streets. Furthermore, the building is equipped wtih a drive-thru, providing ease and convenience to customers. On average, stores with drive-thrus experience higher sales than those without. The asset is positioned within a dense retail corridor serving the city of Sterling, with nearby national/credit tenants including a 24-Hour Walmart Supercenter, ALDI, AMC Theatres, Menards, Kohl’s, and more, further increasing consumer draw to the immediate trade area. The 5-mile trade area is supported by a dense population of nearly 32,000 full-time residents and more than 16,500 employees with a healthy average household income of $61,000.

FOR SALE DETAILS

PRICE

-

CAP RATE

-

% LEASED

-

TENANCY

-

BUILDING DETAILS

PROPERTY NAME

KFC & Long John Silver's | Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

3550

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

1114358021