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- LoopNet Team
3819 Broadway St
Quincy, IL 62305
Steak 'n Shake (17 Yrs Remain) · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
ABOUT 3819 BROADWAY ST , QUINCY, IL 62305
Marcus & Millichap has been selected to exclusively market for sale the Steak 'N Shake in Quincy, IL. The restaurant is under an absolute NNN lease with approximately 17 years remaining. The site has been a Steak 'N Shake since it's construction in 1995 and is currently operated by the largest Steak 'N Shake franchisee in the United States. Ideally located on a hard corner, signalized intersection in the heart of Quincy. Other retailers in the immediate area include CVS, Walmart, Home Depot, Taco Bell, Hobby Lobby, Panera and many more. The tenant pays a base rent of $8,000/month and additional percentage rent of 7.5% gross sales. The pricing is based upon rent received in 2017 per the sales in 2017.
PROPERTY TAXES
| Parcel Number | 23-6-1586-016-00 | Improvements Assessment | $162,460 |
| Land Assessment | $153,370 | Total Assessment | $315,830 |
PROPERTY TAXES
