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Hardee's 220 Green St 3,371 SF Retail Building Bushnell, IL 61422 $1,246,000 ($369.62/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 20-Year Net Lease with (4) 5-Year Options to Renew and 10% Rental Increases Every 5 Years
- The Lease Is Guaranteed by LBE Holdings, Which Includes 64 Units, and Had Totaling $87,000,000 in 2023.
- Hardee’s Operates over 1,800 Restaurants Across the U.S. and 13 Other Countries.
- Excellent Site-Level Visibility – Located at the Intersection of the Two Main Thoroughfares Heading In/Out of the City
- Limited Competition – This Hardee’s Is One of Only Two National Fast-Food Restaurants in the Entire Bushnell Market.
- Bushnell | Near Peoria, Canton, Roseville, and Macomb | Population: 27,238+
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,371 SF
Building Class
B
Year Built
1983
Price
$1,246,000
Price Per SF
$369.62
Cap Rate
6.50%
NOI
$81,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.04 AC
PROPERTY TAXES
| Parcel Number | 03-000-196-00 | Improvements Assessment | $73,395 |
| Land Assessment | $49,524 | Total Assessment | $122,919 |
PROPERTY TAXES
Parcel Number
03-000-196-00
Land Assessment
$49,524
Improvements Assessment
$73,395
Total Assessment
$122,919
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Hardee's | 220 Green St
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