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Sonic 3601 Court St 1,571 SF Retail Building Pekin, IL 61554 $2,030,000 ($1,292.17/SF) 6% Cap Rate
Investment Highlights
- Very Profitable Store
- Long-Term Absolute NNN Lease with Increases
- 4 Way Intersection Next to Major Retail Anchors
- Strong Franchisee Guarantee
Executive Summary
SURMOUNT is pleased to present the exclusive listing for a Sonic located at 3601 Court Street, Pekin, IL 61554. The site consists of roughly 1,571 rentable square feet of building space on an estimated 1.12-acre parcel of land. This Sonic is subject to a 20-year Triple Net (NNN) lease, which commenced 12/18/2024. The current annual rent is $121,800 and has scheduled increases of 1.50% annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,571 SF
Building Class
C
Year Built
2006
Price
$2,030,000
Price Per SF
$1,292.17
Cap Rate
6%
NOI
$121,800
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.12 AC
Nearby Major Retailers
Property Taxes
| Parcel Number | 11-11-07-400-017 | Improvements Assessment | $63,760 |
| Land Assessment | $104,680 | Total Assessment | $168,440 |
Property Taxes
Parcel Number
11-11-07-400-017
Land Assessment
$104,680
Improvements Assessment
$63,760
Total Assessment
$168,440
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Sonic | 3601 Court St
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