1201 W Weir St - Fast Food FOR SALE


Litchfield, IL 62056
$2,401,300 USD
949-506-2009
1201 W Weir St, Litchfield, IL for Sale
$2,401,300 USD
Fast Food - FOR SALE
1/8
null | 5.55% Cap Rate

1201 W Weir St
Litchfield, IL 62056


HIGHLIGHTS

  • Exceptional Sales from an Affiliate of the Largest Franchisee in the US
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Prime Highway Location | Strong Retail Corridor
  • Strong Demographics in 5 Mile Trade Area
  • Strong Market Fundamentals

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Taco Bell investment property located in Litchfield, IL. The tenant, Bell Missouri LLC has over 9 years left on the lease with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features 1.5% rental increases every year throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

FOR SALE DETAILS

PRICE

$2,401,300 USD

PRICE/SF

$899 USD /SF

CAP RATE

5.55%

% 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

29

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

C-2

APN/PARCEL ID

10-32-403-042

ASK ABOUT THIS PROPERTY

Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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

Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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