3009 S Dirksen Pky - Fast Food FOR SALE


Springfield, IL 62703
$1,170,000 USD
786-522-7062
3009 S Dirksen Pky, Springfield, IL for Sale
$1,170,000 USD
Fast Food - FOR SALE
1/6
null | 6% Cap Rate

3009 S Dirksen Pky
Springfield, IL 62703


HIGHLIGHTS

  • Long-Term Operations Since 1988
  • Strong Performance - The tenant reports sales per the terms of the original lease, and the current rent-to-sales ratio stands at a healthy 8.5%
  • Sun Holdings is the parent company for Turbo Restaurants US LLC. Sun Holdings owns and operates over 1,800 restaurants across 27 States.
  • Triple Net Lease (NNN) - Zero Landlord Responsibilities

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire a strong-performing Arby’s restaurant situated on 0.64 acres with a 2,800-square-foot building. Arby’s has successfully operated at this location since 1988 and reports sales in accordance with the original lease terms, maintaining a healthy 8.5% rent-to-sales ratio. The lease has four (4) years remaining, along with two additional 5-year options, each featuring 10% rent increases every five (5) years. This is an absolute triple net lease with zero landlord responsibilities. The property is an outparcel to the Capital City Shopping Center, adjacent to Panera Bread. It benefits from excellent visibility along S. Dirksen Pkwy, a primary commercial corridor, with traffic counts exceeding 12,941 vehicles per day. The area attracts a steady flow of visitors as the State Capital, drawing government workers, business travelers, and attendees of year-round events including the convention center across the street.

FOR SALE DETAILS

PRICE

$1,170,000 USD

PRICE/SF

$418 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Arby's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

46

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

B-1

APN/PARCEL ID

22-12.0-301-031

ASK ABOUT THIS PROPERTY

Alyssa ArmstrongMarcus & MillichapMore Info
786-522-7062

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

Alyssa ArmstrongMarcus & MillichapMore Info
786-522-7062

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