600 W Jefferson St - Fast Food FOR SALE


Springfield, IL 62702
$2,351,800 USD
213-760-4007
600 W Jefferson St, Springfield, IL for Sale
$2,351,800 USD
Fast Food - FOR SALE
1/4
null | 6% Cap Rate

600 W Jefferson St
Springfield, IL 62702


HIGHLIGHTS

  • Premier Signalized Corner Location at West Jefferson Street and Walnut Street
  • Immediate Proximity to Downtown Springfield and major government offices, including the Illinois State Capitol
  • Strong Daytime Population with nearly 100,000 employees within a 3-mile radius; high foot and vehicle traffic
  • Surrounded by 10 Schools within a one-mile radius, contributing to consistent daytime traffic
  • Located in the historic hometown of Abraham Lincoln near the Abraham Lincoln Presidential Library and Museum
  • Large 1.38-Acre Parcel with ample on-site parking and convenient access to I-55 and I-72

OVERVIEW

Introducing an exceptional absolute NNN investment opportunity - a 4,917 SF freestanding Hardee’s restaurant situated on a 1.38-acre parcel at the signalized intersection (28,794 VPD Traffic) of West Jefferson Street and North Walnut Street, in the vibrant core of Springfield, Illinois. This highly visible corner benefits from prime frontage along one of the city’s most traveled corridors, offering outstanding exposure and consistent vehicular and pedestrian traffic. Ideally located just blocks from downtown and the Illinois State Capitol, the property attracts steady traffic from government offices, local residents, students, and tourists visiting nearby landmarks such as the Abraham Lincoln Presidential Library and Museum. The surrounding trade area features a strong mix of national retailers, medical centers, schools, and office buildings, contributing to a dynamic and diverse customer base throughout the day. Originally constructed for Hardee’s in 1994, the property is currently operated by Superior Star LLC, a proven and experienced Hardee’s franchisee with a portfolio of 93 units. Demonstrating their long-term commitment to this location, the tenant exercised their 5-year lease renewal in 2024, featuring annual 2% rent escalations, offering investors both income stability and built-in growth.

FOR SALE DETAILS

PRICE

$2,351,800 USD

PRICE/SF

$478 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

1.38 AC

LAND SF

60,113 SF

ZONING

-

APN/PARCEL ID

14-28.0-455-028

ASK ABOUT THIS PROPERTY

Calvin LeeKidder MathewsMore Info
213-760-4007

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Calvin LeeKidder MathewsMore Info
213-760-4007

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