360 Columbia Ctr - Restaurant FOR SALE


Columbia, IL 62236
$2,322,000 USD
949-396-1075
360 Columbia Ctr, Columbia, IL for Sale
$2,322,000 USD
Restaurant - FOR SALE
1/29
null | 6.25% Cap Rate

360 Columbia Ctr
Columbia, IL 62236


HIGHLIGHTS

  • Proximity to St. Louis (15 miles away)
  • High Traffic: Approximately 27,000 vehicles daily - Excellent accessibility via Illinois State Route 3
  • True NNN Lease, Tenant pays 100% of expenses, included RE taxes, insurance, maintenance and roof
  • Average Household Income $118,786 within 2-mile radius
  • Modern construction (built in 2018)
  • Located in major shopping center, across from two schools

OVERVIEW

Investment Overview: This prime commercial property offers a stable, long-term investment opportunity with 13.5 years remaining on a 20-year absolute NNN lease. The lease includes four 5-year renewal options, ensuring long-term income stability. The property benefits from 7.5% scheduled rent increases every 5 years, guaranteeing consistent growth in cash flow. Key Features: Located in a high-traffic retail corridor along Illinois State Route 3, the property experiences approximately 27,000 vehicles daily, making it an ideal spot for consistent visibility and accessibility. Its strategic positioning is further strengthened by its proximity to major national retailers, including Dollar Tree, McDonald's, Taco Bell, and the United States Postal Service. This enhances the foot traffic and overall appeal of the location. Built in 2018, the property boasts modern construction that ensures durability and efficiency, reducing the likelihood of major maintenance issues. Ownership is further simplified, as the tenant is responsible for all property maintenance, taxes, and insurance, allowing for a truly hassle-free investment experience. Appeal & Accessibility: With its excellent location and strong visibility, the property offers easy access to both local and regional traffic. Operated by a well-established franchisee of the globally recognized Burger King brand, the property is backed by a proven tenant with a strong track record. Situated in a vibrant commercial environment, this investment offers consistent income potential with minimal involvement, making it a highly attractive opportunity. The property at 350 Columbia Center Drive is located in Columbia, Illinois, a vibrant community just 15 miles from St. Louis. Columbia features excellent accessibility through I-255, U.S. Highway 50, and Illinois State Route 3. The area is home to Bolm-Schuhkraft Memorial City Park, situated across from the property, offering year-round recreational opportunities. Columbia boasts a thriving economy, low unemployment, and a high median household income, while St. Louis enhances the regional appeal with its diverse economy, cultural attractions, and historic landmarks. This area provides a strong foundation for economic growth and stability.

FOR SALE DETAILS

PRICE

$2,322,000 USD

PRICE/SF

$818 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burger King

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

2,837 SF

ZONING

-

APN/PARCEL ID

04-17-481-027-000

ASK ABOUT THIS PROPERTY

Pasha DarvishianDarvishian Investment GroupMore Info
949-396-1075

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Pasha DarvishianDarvishian Investment GroupMore Info
949-396-1075

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