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Absolute NNN Hardee's (Dark) 316 S Main St 4,575 SF Retail Building Paris, IL 61944 $350,000 ($76.50/SF) 6.29% Cap Rate
Investment Highlights
- Freestanding Value Add Restaurant Building | Former Hardee’s with existing restaurant layout, kitchen infrastructure, and dedicated parking
- Drive-Thru Potential | Site configuration and prior use support drive-thru functionality, a highly desirable feature for modern QSR
- Small-Market Stability | Located in a stable market with retailers like Dollar General, Verizon, Burger King, Walmart, Dollar Tree, CVS and More
- High-Visibility Location | Positioned along South Main Street, a primary north–south corridor through Paris averaging 6,500+ vehicles per day
- Strong Accessibility | Convenient ingress/egress with close proximity to downtown Paris and nearby residential neighborhoods, schools, and development
Executive Summary
Freestanding Value Add Restaurant Building | Former Hardee’s with existing restaurant layout, kitchen infrastructure, and dedicated parking, allowing for efficient re-tenanting or redevelopment
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,575 SF
Building Class
B
Year Built
1973
Price
$350,000
Price Per SF
$76.50
Cap Rate
6.29%
NOI
$22,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.53 AC
Zoning
C2
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 09-18-01-405-002 | Improvements Assessment | $74,990 |
| Land Assessment | $10,750 | Total Assessment | $85,740 |
Property Taxes
Parcel Number
09-18-01-405-002
Land Assessment
$10,750
Improvements Assessment
$74,990
Total Assessment
$85,740
Contacts
-
Deno Bistolarides -
Kaleb Rupp -
Gabe Nitschke -
Hunter Rupp -
Encore Real Estate Investment Services
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Absolute NNN Hardee's (Dark) | 316 S Main St
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