600 W Jefferson St 4,917 SF Retail Building Springfield, IL 62702 $2,766,637 CAD ($562.67 CAD/SF) 7.08% Cap Rate

Introducing an exceptional absolute NNN investment opportunity - a 4,917 SF freestanding Hardee’s restaurant situated on a 1.38-acre parcel at the signalized intersection (28,794 VPD Traffic) of West Jefferson Street and North Walnut Street, in the vibrant core of Springfield, Illinois. This highly visible corner benefits from prime frontage along one of the city’s most traveled corridors, offering outstanding exposure and consistent vehicular and pedestrian traffic.
Ideally located just blocks from downtown and the Illinois State Capitol, the property attracts steady traffic from government offices, local residents, students, and tourists visiting nearby landmarks such as the Abraham Lincoln Presidential Library and Museum. The surrounding trade area features a strong mix of national retailers, medical centers, schools, and office buildings, contributing to a dynamic and diverse customer base throughout the day.
Originally constructed for Hardee’s in 1994, the property is currently operated by Superior Star LLC, a proven and experienced Hardee’s franchisee with a portfolio of 93 units. Demonstrating their long-term commitment to this location, the tenant exercised their 5-year lease renewal in 2024, featuring annual 2% rent escalations, offering investors both income stability and built-in growth.