Hardee’s Canton, IL

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+

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