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Hardee's 108 N 4th St 3,415 SF Retail Building Chillicothe, IL 61523 $1,616,143 CAD ($473.25 CAD/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 17+ Yrs. Left on Recently Extended 20-Year NNN Lease, with (4) 5-Year Options to Renew and 10% Rental Increases Every 5 Years
- TriStar Ventures Operates 26 Units Throughout IL and IN, and Generated Approximately $30,000,000 in Revenue in 2023
- Hardee’s Operates over 1,800 Restaurants Across the U.S. and 13 Other Countries.
- Property Is 15 Miles North of Downtown Peoria, IL, 100 Miles Southwest of Chicago, IL, and 150 Miles Northeast of St. Louis, MO
- The Lease Is Guaranteed by LBE Holdings, Which Includes 64 Units, and Had Totaling $87,000,000 in 2023
- Peoria | Consistently Ranked on the BestPlaces Rankings in the U.S. | Population: 181,830+
EXECUTIVE SUMMARY
17+ Yrs. Left on Recently Extended 20-Year NNN Lease, with (4) 5-Year Options to Renew and 10% Rental Increases Every 5 Years
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,415 SF
Building Class
C
Year Built
2005
Price
$1,616,143 CAD
Price Per SF
$473.25 CAD
Cap Rate
6.50%
NOI
$105,070 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.68 AC
Parking
18 Spaces (5.27 Spaces per 1,000 SF Leased)
Frontage
132’ on North 4th Street
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05-29-276-033 | Improvements Assessment | $345,971 CAD |
| Land Assessment | $79,978 CAD | Total Assessment | $425,948 CAD |
PROPERTY TAXES
Parcel Number
05-29-276-033
Land Assessment
$79,978 CAD
Improvements Assessment
$345,971 CAD
Total Assessment
$425,948 CAD
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Hardee's | 108 N 4th St
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