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Hardee's 108 N 4th St 3,415 SF Retail Building Chillicothe, IL 61523 $1,086,000 ($318.01/SF) 7% Cap Rate
Investment Highlights
- 17+ Yrs. Left on Recently Extended 20-Year NNN Lease, with (4) 5-Year Options to Renew and 10% Rental Increases Every 5 Years
- TriStar Ventures Operates 26 Units Throughout IL and IN, and Generated Approximately $30,000,000 in Revenue in 2023
- Hardee’s Operates over 1,800 Restaurants Across the U.S. and 13 Other Countries.
- Property Is 15 Miles North of Downtown Peoria, IL, 100 Miles Southwest of Chicago, IL, and 150 Miles Northeast of St. Louis, MO
- The Lease Is Guaranteed by LBE Holdings, Which Includes 64 Units, and Had Totaling $87,000,000 in 2023
- Peoria | Consistently Ranked on the BestPlaces Rankings in the U.S. | Population: 181,830+
Executive Summary
17+ Yrs. Left on Recently Extended 20-Year NNN Lease, with (4) 5-Year Options to Renew and 10% Rental Increases Every 5 Years
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,415 SF
Building Class
C
Year Built
2005
Price
$1,086,000
Price Per SF
$318.01
Cap Rate
7%
NOI
$76,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.68 AC
Parking
18 Spaces (5.27 Spaces per 1,000 SF Leased)
Frontage
132’ on North 4th Street
Nearby Major Retailers
Property Taxes
| Parcel Number | 05-29-276-033 | Improvements Assessment | $250,250 |
| Land Assessment | $57,850 | Total Assessment | $308,100 |
Property Taxes
Parcel Number
05-29-276-033
Land Assessment
$57,850
Improvements Assessment
$250,250
Total Assessment
$308,100
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Hardee's | 108 N 4th St
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