3601 Court St - Fast Food FOR SALE


Pekin, IL 61554
$2,030,000 USD
480-339-4331
3601 Court St, Pekin, IL for Sale
$2,030,000 USD
Fast Food - FOR SALE
1/3
null | 6% Cap Rate

3601 Court St
Pekin, IL 61554


HIGHLIGHTS

  • Very Profitable Store
  • 4 Way Intersection Next to Major Retail Anchors
  • Long-Term Absolute NNN Lease with Increases
  • Strong Franchisee Guarantee

OVERVIEW

SURMOUNT is pleased to present the exclusive listing for a Sonic located at 3601 Court Street, Pekin, IL 61554. The site consists of roughly 1,571 rentable square feet of building space on an estimated 1.12-acre parcel of land. This Sonic is subject to a 20-year Triple Net (NNN) lease, which commenced 12/18/2024. The current annual rent is $121,800 and has scheduled increases of 1.50% annually.

FOR SALE DETAILS

PRICE

$2,030,000 USD

PRICE/SF

$1,292 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

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.12 AC

LAND SF

48,787 SF

ZONING

-

APN/PARCEL ID

11-11-07-400-017

ASK ABOUT THIS PROPERTY

Cassandra MosserSurmountMore Info
480-339-4331

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Cassandra MosserSurmountMore Info
480-339-4331

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