4221 Conestoga Dr - Restaurant FOR SALE
Springfield, IL 62711 |
$1,650,000 USD
513-325-8682
4221 Conestoga Dr
Springfield, IL 62711
HIGHLIGHTS
- 5,009-SF Bob Evans Restaurant Location on a +/-1.43 Acre Parcel | Outparcel to Meijer | Over 11 Years Remaining on an Absolute Net Lease
- No Landlord Responsibilities | 2% Annual Rental Increases and 6, 5-Year Renewal Options | Corporately Guaranteed Lease | Strong Location Shadow Anchor
- Immediately Off of Interstate 72 Exit 93, Seeing 36,400 Vehicles Per Day and S Veterans Parkway, With 28,400 VPD | High Visibility With a Lighted sign
- Features Two Points of Ingress and Egress and a Large, Fully Lit Parking Lot | 89 Spaces w/ Ratio of 17.62/1,000-SF
- Springfield is the State Capital of Illinois and the County Seat of Sangamon County With a Population of 208,000+
- Springfield is the Sixth Most Populous MSA in the State, 80 Miles From St Louis, MO | Population of 95,700+ Within 5 Miles
FOR SALE DETAILS
PRICE
$1,650,000 USD
PRICE/SF
$238 USD /SF
CAP RATE
6.96%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Bob Evans | Absolute Net Lease
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2017
SPRINKLERS
-
PARKING SPACES
89
LAND DETAILS
LAND ACRES
1.43 AC
LAND SF
62,291 SF
ZONING
C
APN/PARCEL ID
22-19.0-102-017
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513-325-8682
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513-325-8682
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