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Bob Evans | Absolute Net Lease 4221 Conestoga Dr 6,923 SF 100% Leased Retail Building Springfield, IL 62711 $1,650,000 ($238.34/SF) 6.96% Cap Rate
INVESTMENT HIGHLIGHTS
- 5,009-SF Bob Evans Restaurant Location on a +/-1.43 Acre Parcel | Outparcel to Meijer | Over 11 Years Remaining on an Absolute Net Lease
- Immediately Off of Interstate 72 Exit 93, Seeing 36,400 Vehicles Per Day and S Veterans Parkway, With 28,400 VPD | High Visibility With a Lighted sign
- Springfield is the State Capital of Illinois and the County Seat of Sangamon County With a Population of 208,000+
- No Landlord Responsibilities | 2% Annual Rental Increases and 6, 5-Year Renewal Options | Corporately Guaranteed Lease | Strong Location Shadow Anchor
- Features Two Points of Ingress and Egress and a Large, Fully Lit Parking Lot | 89 Spaces w/ Ratio of 17.62/1,000-SF
- Springfield is the Sixth Most Populous MSA in the State, 80 Miles From St Louis, MO | Population of 95,700+ Within 5 Miles
EXECUTIVE SUMMARY
Corporately Guaranteed | Ourparcel to Meijer
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,923 SF
Building Class
C
Year Built
2017
Price
$1,650,000
Price Per SF
$238.34
Cap Rate
6.96%
NOI
$114,847
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
1.43 AC
Zoning
C - Commercial
Parking
89 Spaces (17.62 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 22-19.0-102-017 | Improvements Assessment | $183,780 |
| Land Assessment | $127,598 | Total Assessment | $311,378 |
PROPERTY TAXES
Parcel Number
22-19.0-102-017
Land Assessment
$127,598
Improvements Assessment
$183,780
Total Assessment
$311,378
CONTACTS
-
Darpan Patel -
Dan Yozwiak -
Justin Fenn, SIOR -
Quinn Ryan -
John Catanzarite -
Peter Sibicky -
Sam Elyassaki -
Marcus & Millichap
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Bob Evans | Absolute Net Lease | 4221 Conestoga Dr
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