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2235 State St 2,212 SF Retail Building Chester, IL 62233 $1,572,291 ($710.80/SF) 5.85% Cap Rate
Investment Highlights
- 2,212 SF Building on .58 Acres Built in 2017 | Directly Across from Walmart
- 11 Year Absolute NNN Lease with 1% Annual Rent Escalations Providing Built-In Rent Growth
- KMAC Operated | 350+ Taco Bell Locations Across 10 States! Substantial Guarantee
Executive Summary
2235 State St presents an opportunity to acquire a single-tenant retail asset positioned along one of Chester’s primary commercial corridors. The property is improved with a modern fast-food restaurant building completed in 2018 and benefits from approximately 135 feet of frontage on State Street. Its location provides visibility and access within an established retail concentration that includes Walmart, McDonald’s, O’Reilly Auto Parts, and First Bank. The site includes dedicated parking and pylon signage, supporting customer convenience and brand exposure.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
2,212 SF
Building Class
B
Year Built
2018
Price
$1,572,291
Price Per SF
$710.80
Cap Rate
5.85%
NOI
$91,979
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.58 AC
Zoning
C - Commercial
Parking
23 Spaces (10.4 Spaces per 1,000 SF Leased)
Frontage
135’ on State Street
Amenities
- Pylon Sign
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Taco Bell began in 1962 when Glen Bell opened the first restaurant in Downey, California, building on earlier taco stands and a background in fast-service restaurant operations. The chain serves Mexican-inspired foods such as tacos, burritos, quesadillas, nachos, and beverages, and its business spans company-operated and franchised restaurants. Taco Bell has grown into a widely recognized quick-service brand with a substantial presence in the United States and in markets outside the country. The company maintains digital ordering, career, and newsroom platforms that support menu launches, brand updates, and franchise-related hiring.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
Somewhat walkable
30/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 18-167-026-00 | Improvements Assessment | $264,405 |
| Land Assessment | $38,975 | Total Assessment | $303,380 |
Property Taxes
Parcel Number
18-167-026-00
Land Assessment
$38,975
Improvements Assessment
$264,405
Total Assessment
$303,380
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