220 Green Street
Bushnell, IL
Price:
$1,296,000
Cap Rate:
6.25%
NOI:
$81,000
Building Size:
Approx. 3,371 Sq. Ft.
Lot Size:
Approx. 1.04 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built / Renovated:
1983 / 2012
Investment Overview
- 1983 Construction/2012 Renovation. 3,371+/- SF Building on 1.04+/- Acre Site
- 20-Year Net Lease with (4) 5-Year Options to Renew and 10% Rental Increases Every 5 Years
- Excellent Site-Level Visibility – Subject Property Benefits From Its Location at the Intersection of the Two Main Thoroughfares Heading In/Out of the City
- The Lease Is Guaranteed by LBE Holdings, Which Includes 64 Units, and Had Totaling $87,000,000 in 2023.
- Limited Competition – This Hardee’s Is One of Only Two National Fast-Food Restaurants in the Entire Bushnell Market.
- Hardee’s Operates over 1,800 Restaurants Across the U.S. and 13 Other Countries.
- Bushnell | Near Peoria, Canton, Roseville, and Macomb | Population: 27,238+