Hardee’s Chillicothe, IL

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+

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