600 W Jefferson St - Fast Food FOR SALE


Springfield, IL 62702
$1,993,800 USD
213-760-4007
600 W Jefferson St, Springfield, IL for Sale
$1,993,800 USD
Fast Food - FOR SALE
1/4
null | 7.08% Cap Rate

600 W Jefferson St
Springfield, IL 62702


HIGHLIGHTS

  • Lease renewed in 2024 with annual 2% escalations through 2029
  • Strategic corner location with immediate proximity to Illinois State Capitol
  • Strong demographics: ~100,000 employees within 3-mile radius
  • Located in Abraham Lincoln's historic hometown near major tourist attractions

OVERVIEW

This offering presents an exceptional absolute NNN investment opportunity featuring a 4,917 SF freestanding Hardee’s restaurant. Situated on a substantial 1.38-acre parcel at the signalized intersection of West Jefferson Street and North Walnut Street, the property commands a premier position in Springfield's vibrant core with excellent visibility. Ideally located just blocks from downtown and the Illinois State Capitol, the site benefits from traffic counts exceeding 28,794 VPD. The immediate trade area is robust, driven by government offices, medical centers, schools, and major tourist attractions, including the Abraham Lincoln Presidential Library and Museum. Operated by Superior Star LLC with 93 locations across 11 states, the tenant has demonstrated a strong commitment to this location. The lease features attractive 2% annual rent escalations, providing investors with a hedge against inflation and guaranteed income growth.

FOR SALE DETAILS

PRICE

$1,993,800 USD

PRICE/SF

$405 USD /SF

CAP RATE

7.08%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

1.38 AC

LAND SF

60,113 SF

ZONING

NEC

APN/PARCEL ID

14-28.0-455-028

ASK ABOUT THIS PROPERTY

Calvin LeeCalvin Lee Real Estate AdvisorMore Info
213-760-4007

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Calvin LeeCalvin Lee Real Estate AdvisorMore Info
213-760-4007

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