1300 Avenue Of Mid America | Effingham, IL 62401
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- LoopNet Team
1300 Avenue Of Mid America
Effingham, IL 62401
Retail Property For Sale
Investment Highlights
- 12 Years Remaining on Absolute NNN Lease with Attractive Rental Escalations every 5 Years – Lesser of 10% or 1.25x of CPI
- uccessfully Open & Operating Since 2016 ($300,000+ Remodel at Tenant’s Cost) with an Attractive 5.11% Rent to Sales Ratio!
- 2020 DEMOGRAPHICS (5-MI): Total Population: 18,833 | Average Household Income: $79,465
- Brinker Restaurant Corporation has More than 1,600 Restaurants Worldwide Under the Names Chili’s Grill & Bar and Maggiano’s Little Italy
- ositioned on a Large ±1.37-Acre Lot – Pad Site to a Walmart Supercenter (Just Off the Hard Corner) where Traffic Counts Exceed 31,750 CPD!
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
4,656 SF
Building Class
C
Year Built/Renovated
2003/2016
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.36 AC
Zoning
Commercial
Frontage
222 FT on Avenue of Mid-America
Amenities
- Pylon Sign
- Restaurant
- Signage
- Monument Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 0311018105 | Improvements Assessment | $219,110 |
| Land Assessment | $192,330 | Total Assessment | $411,440 |
PROPERTY TAXES
Parcel Number
0311018105
Land Assessment
$192,330
Improvements Assessment
$219,110
Total Assessment
$411,440
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