4105 Broadway St - Fast Food FOR SALE


Mount Vernon, IL 62864
$1,538,000 USD
949-506-2012
4105 Broadway St, Mount Vernon, IL for Sale
$1,538,000 USD
Fast Food - FOR SALE
1/10
null | 6.5% Cap Rate

4105 Broadway St
Mount Vernon, IL 62864


HIGHLIGHTS

  • New 15-Year Lease | Dual Drive-Thru Equipped | Strong Operator | Rapidly Growing Brand | New Construction
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Excellent Visibility & Access Along Broadway Street (22,530 VPD) |Outparcel To Times Square Mall (2.3M+ Annual Visits)
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

7 Brew is strategically positioned along Broadway Street (22,530 VPD) with excellent visibility at the entrance to the Times Square Mall. The subject property receives significant crossover retail exposure from the shopping center which attracts 2.3 million+ annual visits (per Placer.ai) and features a strong tenant lineup including Planet Fitness, Ross, Big Lots, Hibbett Sports, Dunham’s Sports, Bath & Body Works, Ashley Outlet, and adjacent Wendy’s and KFC pads. Furthermore, the mall is adjacent to the Crossroads Community Hospital (56 beds) and an adjacent Kroger-anchored center. Other nearby tenants include Walmart Supercenter, Lowe’s, Menard’s, Kohl’s, ALDI, McDonald’s, and the SSM Health Good Samaritan Hospital (134 beds). The corridor is accessible via Interstate 64/57 (43,000 VPD), providing increased consumer traffic to the area. The 5-mile trade area is supported by a population of over 18,900 residents and 18,600 employees with an average household income of $75,887.

FOR SALE DETAILS

PRICE

$1,538,000 USD

PRICE/SF

$3,016 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

New 7 Brew | 15-Yr GL | 25+ Unit Guarantor

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.87 AC

LAND SF

37,897 SF

ZONING

Commercial (NEC)

APN/PARCEL ID

06-36-102-016

ASK ABOUT THIS PROPERTY

Gary ChouSRS National Net LeaseMore Info
949-506-2012

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Gary ChouSRS National Net LeaseMore Info
949-506-2012

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