Absolute NNN Drive-Thru QSR 1000 Charleston Ave 2,530 SF Retail Building Mattoon, IL 61938 $375,000 ($148.22/SF) 11.20% Cap Rate

HIGH-YIELD ABSOLUTE NNN QSR INVESTMENT | 11.20% CAP RATE | FREESTANDING DRIVE-THRU PROPERTY
Exceptional opportunity to acquire a newly leased, freestanding QSR retail investment located at 1000 Charleston Avenue, Mattoon, Illinois 61938. The property is operated under an executed Absolute Triple-Net lease producing $42,000 in annual Base Rent, equivalent to an 11.20% cap rate at the $375,000 asking price.
The lease is structured to provide highly predictable landlord income, with the tenant responsible for substantially all property-level expenses, including real estate taxes, insurance, utilities, maintenance, repairs, replacements, roof, structure, HVAC, plumbing, electrical systems, parking areas, drive-thru components, windows, doors, signage, landscaping, snow removal, code compliance, and other operating or capital obligations.
Investment Highlights
* Asking Price: $375,000
* Annual Base Rent / NOI: $42,000
* Cap Rate: 11.20%
* Monthly Base Rent: $3,500
* Lease Structure: Absolute NNN
* Initial Lease Term: Three years
* Renewal Options: Two additional three-year renewal options
* Property Type: Freestanding QSR retail building
* Drive-Thru: Existing drive-thru configuration
* Former Use: Former KFC restaurant
* Landlord Responsibility: Intended to be minimal under the Absolute NNN structure
* Prepaid Rent: $3,500 prepaid final-month rent held pursuant to the lease
* Transferability: Lease contains provisions supporting sale, assignment, attornment, estoppel certification, lender review, and transfer to a purchaser
The property offers an attractive combination of a double-digit going-in yield, freestanding restaurant configuration, existing drive-thru infrastructure, and a landlord-net lease structure. This opportunity may appeal to private investors, 1031-exchange buyers, regional NNN investors, and purchasers seeking passive income at a basis substantially below many newly constructed QSR assets.
The property is positioned along Charleston Avenue in Mattoon and provides established restaurant infrastructure, parking, visibility, access, and drive-thru functionality. The offering provides the purchaser with immediate contractual rental income upon closing, subject to the terms of the lease.
Offered at $375,000. Submit offers with proof of funds or financing qualifications. Qualified purchasers may receive the executed lease, lease abstract, property information, and additional due-diligence materials upon request.
Buyer and buyer’s representatives must independently verify all financial information, lease terms, tenant credit, property condition, operating expenses, zoning, square footage, and property details. Cap rate and NOI are based on annual contractual Base Rent of $42,000 and the Absolute NNN expense allocation contained in the lease.