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Hardee's 638 N Main St

3,250 SF Retail Building Canton, IL 61520 $1,408,000 ($433/SF) 6.25% Cap Rate

Retail Space Illinois Canton 638 N Main St, Canton, IL 61520

Investment Highlights

  • 20-Year Net Lease with (4) 5-Year Options to Renew and 10% Rental Increases Every 5 Years
  • TriStar Ventures Operates 26 Units Throughout IL and IN, & Generated Approx. $30,000,000 in Revenue in 2023
  • The Wider Peoria-Canton, IL Metro Area is at the Center of a Multi-County Region Along the Illinois River
  • Excellent Site-Level Visibility – Property has Frontage Along Main Street (12,300+ VPD)
  • Lease is Guaranteed by LBE Holdings, Which Includes 64 Units, and had Totaling $87,000,000 in 2023
  • Canton | 20 Miles from Peoria, IL | Population: 13,242+

Attachments

SECURE NET LEASE OM

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,250 SF
Building Class
B
Year Built/Renovated
1970/2013
Price
$1,408,000
Price Per SF
$433
Cap Rate
6.25%
NOI
$88,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Land Acres
1.12 AC
Parking
14 Spaces

Links

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Walk Score ®
Very Walkable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 09-08-272-100-16 Improvements Assessment $246,100
Land Assessment $19,310 Total Assessment $265,410

PROPERTY TAXES

Parcel Number
09-08-272-100-16
Land Assessment
$19,310
Improvements Assessment
$246,100
Total Assessment
$265,410
(214) 915-8890

  • Listing ID: 33352513

  • Date on Market: 9/30/2024

  • Last Updated:

  • Address: 638 N Main St, Canton, IL 61520

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638 N Main St, Canton, IL for sale Building Photo- Image 1 of 4
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638 N Main St, Canton, IL for sale Building Photo- Image 2 of 4
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Hardee's | 638 N Main St
(214) 915-8890 x

Hardee's | 638 N Main St

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Russell Smith

(214) 915-8890

(214) 915-8890

Bob Moorhead

(214) 915-8890

(214) 915-8890

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