311 N Poplar St - Fast Food FOR SALE


Centralia, IL 62801
$1,532,520 USD
332-345-4222
311 N Poplar St, Centralia, IL for Sale
$1,532,520 USD
Fast Food - FOR SALE
1/2
null | 6.15% Cap Rate

311 N Poplar St
Centralia, IL 62801


HIGHLIGHTS

  • Zero landlord responsibilities. Tenant extended current lease in 2023 showing long term commitment to the location.
  • 1.00% annual rental increases.
  • Strong franchisee guarantee from Carrols LLC.

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Burger King located at 311 North Poplar, Centralia, IL 62801. The site consists of roughly 3,200 rentable square feet of building space on an estimated 0.88-acre parcel of land. This Burger King is subject to a 10-year Triple Net (NNN) lease, which commenced 6/1/2024. The current annual rent is $94,250 and has scheduled increases of 1.00% Annually.

FOR SALE DETAILS

PRICE

$1,532,520 USD

PRICE/SF

$479 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burger King

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,400 SF

ZONING

B-2

APN/PARCEL ID

1400050181

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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