902 Marshall St - Fast Food FOR SALE


Paris, IL 61944
$1,500,000 USD
312-777-2453
902 Marshall St, Paris, IL for Sale
$1,500,000 USD
Fast Food - FOR SALE
1/6
null | 7% Cap Rate

902 Marshall St
Paris, IL 61944


HIGHLIGHTS

  • 15 Year Sale Leaseback | Absolute NNN
  • 2.00% Annual Rent Increases | Strong Unit Level P&L
  • Experienced Franchisee | Established and Proven Store
  • Center of Local Trade Area
  • Personally Guaranteed by Three Partners

OVERVIEW

LEASE Upon closing, Tenant will execute a new 15-year absolute NNN lease with 2.00% annual increases. Rent is set at $105,000/year, offering a healthy rent to sales ratio. The lease will include unit-level P&L reporting each year as well as a personal guaranty from its owners. This is an established location that reports strong store sales and profitability. Ask broker for more details on unit-level performance and guarantee. PROPERTY The subject property consists of a 629 SF building located on 0.60 acres. It is located in the center of the local trade area on US Highway 150 (6,643 VPD). CVS is directly across the street while other retailers nearby include Marathon Gas Station, Burger King, Citgo, Arby’s, Casey’s Gas Station, O’Reilly Auto Parts, Dollar Tree, AutoZone, Taco Bell, Starbucks, Domino’s Pizza, RP Lumber, Subway, McDonald's, and numerous others. The site is easily accessible via a center turn lane and offers excellent visibility. As shown by the pictures, cars are wrapped around the drive thru each morning.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$2,385 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Scooter's Coffee Sale Leaseback

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Tom FritzNorthmarqMore Info
312-777-2453

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Tom FritzNorthmarqMore Info
312-777-2453

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