1303 S State St - Fast Food FOR SALE


Jerseyville, IL 62052
$1,770,000 USD
918-794-9536
1303 S State St, Jerseyville, IL for Sale
$1,770,000 USD
Fast Food - FOR SALE
1/3
null | 6.5% Cap Rate

1303 S State St
Jerseyville, IL 62052


HIGHLIGHTS

  • Nationally Recognized Restaurant Brand & Experienced Operator
  • Walmart Outparcel Location
  • Long-Term Absolute NNN Lease
  • Desirable Rent Increases
  • New 2022 Construction
  • St. Louis MSA

OVERVIEW

Northmarq is pleased to announce the exclusive offering of the fee simple interest in a KFC restaurant located in Jerseyville, IL. The Property consists of a 0.81 acre-parcel of land containing a newly constructed, approximately 1,901 square foot quick service restaurant. This new location north of St. Louis has shown strong performance since opening in January of 2023. The Property is situated in a prime location in the heart of Jerseyville and directly across from a Walmart Supercenter, drawing an abundance of traffic to the immediate area. In association with: Isaiah Harf, IL Lic #471019332

FOR SALE DETAILS

PRICE

$1,770,000 USD

PRICE/SF

$931 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KFC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Garden Center, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,524 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Mark GrossmanNorthmarqMore Info
918-794-9536

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

Mark GrossmanNorthmarqMore Info
918-794-9536

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