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Hardee's 108 N 4th St 3,415 SF Retail Building Chillicothe, IL 61523 $1,502,351 CAD ($439.93 CAD/SF) 7% 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
$1,502,351 CAD
Price Per SF
$439.93 CAD
Cap Rate
7%
NOI
$105,137 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 | $346,957 CAD |
| Land Assessment | $80,206 CAD | Total Assessment | $427,162 CAD |
PROPERTY TAXES
Parcel Number
05-29-276-033
Land Assessment
$80,206 CAD
Improvements Assessment
$346,957 CAD
Total Assessment
$427,162 CAD
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Hardee's | 108 N 4th St
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