302 Greenbriar Dr - Fast Food FOR SALE


Normal, IL 61761
$1,522,500 USD
480-339-4331
302 Greenbriar Dr, Normal, IL for Sale
$1,522,500 USD
Fast Food - FOR SALE
1/2
null | 6% Cap Rate

302 Greenbriar Dr
Normal, IL 61761


HIGHLIGHTS

  • Very Profitable Store
  • Strategic Walmart Pad Location
  • Long-Term Absolute NNN Lease with Increases

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Sonic located at 302 Greenbriar Dr., Normal, IL 61761 . The site consists of roughly 1,490 rentable square feet of building space on an estimated 0.83-acre parcel of land. This Sonic is subject to a 20- year Triple Net (NNN) lease, which commenced 4/30/2024. The current annual rent is $91,350 and has scheduled increases of 1.50% annually.

FOR SALE DETAILS

PRICE

$1,522,500 USD

PRICE/SF

$1,022 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sonic

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

B-1

APN/PARCEL ID

14-26-202-014

ASK ABOUT THIS PROPERTY

Cassandra MosserNNN Pro GroupMore Info
480-339-4331

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Cassandra MosserNNN Pro GroupMore Info
480-339-4331

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