Burger King 1351 S Dirksen Pky 2,811 SF Retail Building Springfield, IL 62703 $2,569,655 ($914.14/SF) 5.80% Cap Rate

CBRE is pleased to present a Burger King for sale located at 1351 S Dirksen Pkwy in Springfield, IL . The property includes a 2,811 SF building on an oversized 1.41 ACRE lot with a double drive-thru and benefits from being situated on a signalized hard corner (S Dirksen Pkwy and S Grand Ave E), which sees over 34,000 VPD. The tenant signed a brand new 20-year Lease in 2019, and there are currently 14+ years remaining on the lease with Six 5-Year Options, showing a longstanding commitment to this location and market. The property is surrounded by notable retailers such as JCPenney, AutoZone, Caliber Collision, and many more.
The tenant operates under an Absolute NNN Lease with zero Landlord responsibilities whatsoever. The Lease is guaranteed by Carrols LLC. Carrols was acquired by Burger King‘s parent company, Restaurant Brands International (RBI), in 2024. Restaurant Brands International is one of the world’s largest quick-service restaurant companies with approximately $23 billion in system sales and over 18,000 restaurants in 100 countries. Restaurant Brands International owns two of the world’s most prominent and iconic quick service restaurant brands – Tim Hortons® and Burger King®. These independently operated brands have been serving their respective guests, franchisees, and communities for over 50 years.