638 N Main St
Canton, IL
Price:
$1,408,000
Cap Rate:
6.25%
NOI:
$88,000
Building Size:
Approx. 3250 Sq. Ft.
Lot Size:
Approx. 1.12 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built / Renovated:
2013 / 1969
Investment Overview
- 1970 Construction/2013 Renovation. 3,250+/- SF Building on 1.12+/- Acre Site
- 20-Year Net Lease with (4) 5-Year Options to Renew and 10% Rental Increases Every 5 Years
- Excellent Site-Level Visibility – Property has Frontage Along Main Street (12,300+ VPD)
- TriStar Ventures Operates 26 Units Throughout IL and IN, & Generated Approx. $30,000,000 in Revenue in 2023
- Lease is Guaranteed by LBE Holdings, Which Includes 64 Units, and had Totaling $87,000,000 in 2023
- The Wider Peoria-Canton, IL Metro Area is at the Center of a Multi-County Region Along the Illinois River
- Canton | 20 Miles from Peoria, IL | Population: 13,242+