602 E Grand Ave - Fast Food FOR SALE
Carbondale, IL 62901 |
$800,000 USD
602-218-5242
602 E Grand Ave
Carbondale, IL 62901
HIGHLIGHTS
- Favorable Lease Structures: Papa John’s operates on a NNN lease structure with rental bumps and renewal options
- Long-Term Leases: Both tenants operate under leases extending to 2034, offering long-term stability and security.
- High-Traffic Location, Prime Visibility: Located on E Grand Ave in Carbondale, IL, the property benefits from high visibility
- Strong Demographics: Carbondale boasts a solid consumer base supported by Southern Illinois University and its associated industries.
FOR SALE DETAILS
PRICE
$800,000 USD
PRICE/SF
$275 USD /SF
CAP RATE
7.16%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
PAPA JOHNS PIZZA & EVERMORE SMOKE SHOP
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2010
SPRINKLERS
-
PARKING SPACES
9
LAND DETAILS
LAND ACRES
0.23 AC
LAND SF
10,019 SF
ZONING
Commercial
APN/PARCEL ID
15-22-351-018
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602-218-5242
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602-218-5242
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