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600 W Jefferson St 4,917 SF Retail Building Springfield, IL 62702 $1,993,800 ($405.49/SF) 7.08% Cap Rate
Investment Highlights
- Lease renewed in 2024 with annual 2% escalations through 2029
- Strong demographics: ~100,000 employees within 3-mile radius
- Strategic corner location with immediate proximity to Illinois State Capitol
- Located in Abraham Lincoln's historic hometown near major tourist attractions
Executive Summary
A premier absolute NNN investment featuring a 4,917 SF freestanding Hardee's restaurant situated on a 1.38-acre parcel at the signalized intersection of West Jefferson Street and North Walnut Street in downtown Springfield, Illinois.
Constructed in 1994 and operated by Superior Star LLC—a proven Hardee's franchisee with 93 units—the property offers exceptional visibility along one of the city's most traveled corridors with 28,794+ VPD.
Constructed in 1994 and operated by Superior Star LLC—a proven Hardee's franchisee with 93 units—the property offers exceptional visibility along one of the city's most traveled corridors with 28,794+ VPD.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,917 SF
Building Class
B
Year Built
1994
Price
$1,993,800
Price Per SF
$405.49
Cap Rate
7.08%
NOI
$141,165
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.38 AC
Zoning
NEC - Commercial
Parking
80 Spaces (16.27 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-28.0-455-028 | Improvements Assessment | $126,022 |
| Land Assessment | $374,123 | Total Assessment | $500,145 |
Property Taxes
Parcel Number
14-28.0-455-028
Land Assessment
$374,123
Improvements Assessment
$126,022
Total Assessment
$500,145
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Presented by
Three J Investments
600 W Jefferson St
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