4305 N Sterling Ave - Fast Food FOR SALE


Peoria, IL 61615- North Peoria
$2,291,900 USD
480-339-4331
4305 N Sterling Ave, Peoria, IL for Sale
$2,291,900 USD
Fast Food - FOR SALE
1/3
null | 6.2% Cap Rate

4305 N Sterling Ave
Peoria, IL 61615
North Peoria


HIGHLIGHTS

  • Very Profitable Store
  • Proximity 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 4305 North Sterling Avenue, Peoria, IL 61615. The site consists of roughly 1,616 rentable square feet of building space on an estimated 0.63-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 $142,100 and has scheduled increases of 1.50% annually.

FOR SALE DETAILS

PRICE

$2,291,900 USD

PRICE/SF

$1,418 USD /SF

CAP RATE

6.2%

% 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

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

-

APN/PARCEL ID

14-19-379-004,14-19-379-013

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.