638 N Main St - Fast Food FOR SALE
Canton, IL 61520 |
$1,408,000 USD
214-915-8890
638 N Main St
Canton, IL 61520
HIGHLIGHTS
- 20-Year Net Lease with (4) 5-Year Options to Renew and 10% Rental Increases Every 5 Years
- Excellent Site-Level Visibility – Property has Frontage Along Main Street (12,300+ VPD)
- TriStar Ventures Operates 26 Units Throughout IL and IN, & Generated Approx. $30,000,000 in Revenue in 2023
- Lease is Guaranteed by LBE Holdings, Which Includes 64 Units, and had Totaling $87,000,000 in 2023
- The Wider Peoria-Canton, IL Metro Area is at the Center of a Multi-County Region Along the Illinois River
- Canton | 20 Miles from Peoria, IL | Population: 13,242+
FOR SALE DETAILS
PRICE
$1,408,000 USD
PRICE/SF
$447 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Hardee's
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Freestanding, Restaurant, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1970
SPRINKLERS
-
PARKING SPACES
14
LAND DETAILS
LAND ACRES
1.12 AC
LAND SF
48,787 SF
ZONING
-
APN/PARCEL ID
09-08-272-100-16
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214-915-8890
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214-915-8890
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