1201 W Weir St - Fast Food FOR SALE


Litchfield, IL 62056
$2,448,000 USD
707-938-9600
1201 W Weir St, Litchfield, IL for Sale
$2,448,000 USD
Fast Food - FOR SALE
1/5
null | 5.44% Cap Rate

1201 W Weir St
Litchfield, IL 62056


HIGHLIGHTS

  • Very Experienced Operator - Bell American Group (280+ units)
  • 1.5% Annual Rent Increases
  • Strong & Increasing Store Performance
  • Along I-55, connecting Springfield, IL & St. Louis, MO
  • Flynn Restaurant Group Affiliate

OVERVIEW

Introducing a lucrative investment opportunity in Litchfield, IL, the Taco Bell property at 1201 W. Weir Street. This 2,671 SF property on 0.57 acres boasts a strong sales history, offering a net operating income of $133,277 with annual rent bumps. Strategically located just off I-55 connecting Springfield to St. Louis, MO, this property provides an attractive price point, under $2.5M, with increasing annually by 1.5%. The lease, lasting until August 20, 2034, is with Bell Missouri, LLC, a subsidiary of Bell American Group with over 280 stores in 8 states. This absolute NNN lease showcases an experienced operator with a track record of success. Enormous sales & profitability. Contact us for more information.

FOR SALE DETAILS

PRICE

$2,448,000 USD

PRICE/SF

$917 USD /SF

CAP RATE

5.44%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Taco Bell - Strong Operator - 1.5% Increases

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

-

APN/PARCEL ID

10-32-403-042

ASK ABOUT THIS PROPERTY

Jeff ChristianFirst Street, Inc.More Info
707-938-9600

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Jeff ChristianFirst Street, Inc.More Info
707-938-9600

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.