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Sonic 107 W Lincoln Ave 1,660 SF Retail Building Charleston, IL 61920 $3,687,029 CAD ($2,221.10 CAD/SF) 7% Cap Rate


INVESTMENT HIGHLIGHTS
- Long-Term NNN Lease
- Strong Franchisee Guarantee
- Annual Rental Increases
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Sonic located at 107 W Lincoln Ave, Charleston, IL 61920. The site consists of roughly 1,660 rentable square feet of building space on an estimated 0.6-acre parcel of land. This Sonic is subject to a 20-year Triple Net (NNN) lease, which commenced 7/22/2024. The current annual rent is $186,685 and has scheduled increases of 1.50% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Retail
Building Size
1,660 SF
Building Class
C
Year Built
2024
Price
$3,687,029 CAD
Price Per SF
$2,221.10 CAD
Cap Rate
7%
NOI
$258,092 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.60 AC
Walk Score®
Very Walkable (81)
NEARBY MAJOR RETAILERS
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Sonic | 107 W Lincoln Ave
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