108 North 4th Street
Chillicothe, IL
Price:
$1,216,000
Cap Rate:
6.25%
NOI:
$76,000
Building Size:
Approx. 3,415 Sq. Ft.
Lot Size:
Approx. 0.68 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built / Renovated:
2005 / 2012
Investment Overview
- 2005 Construction/2012 Renovation. 3,415+/- SF Building on 0.68+/- Acre Site
- 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 Is 15 Miles North of Downtown Peoria, IL, 100 Miles Southwest of Chicago, IL, and 150 Miles Northeast of St. Louis, MO
- TriStar Ventures Operates 26 Units Throughout IL and IN, and Generated Approximately $30,000,000 in Revenue in 2023
- The Lease Is Guaranteed by LBE Holdings, Which Includes 64 Units, and Had Totaling $87,000,000 in 2023
- Hardee’s Operates over 1,800 Restaurants Across the U.S. and 13 Other Countries.
- Peoria | Consistently Ranked on the BestPlaces Rankings in the U.S. | Population: 181,830+