Sonic | 929 Springfield rd
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Sonic 929 Springfield rd
1,576 SF Retail Building Taylorville, IL 62568 $2,556,296 ($1,622/SF) 6.75% Cap Rate
Executive Summary
Commitment: 20 year absolute NNN lease providing passive ownership for investors.
Passive Ownership Opportunity: The tenant is responsible for all Taxes, CAM, and Insurance, providing no landlord ownership responsibilities.
Experienced Operator: Tenant is the fifth-largest operator in the system and operates over 120+ units across the US.
Retail Dense Corridor: Surrounded by National Retailers - Walmart, ALDI, Kroger, Steak ’n Shake, and more.
Convenient Access: Within a 40-minute drive of Downtown Springfield, Abraham Lincoln Capital Airport, and the University of Illinois Springfield.
Performance: Top-performing location and strategically located adjacent to Taylorville High School with over 800+ Students.
Passive Ownership Opportunity: The tenant is responsible for all Taxes, CAM, and Insurance, providing no landlord ownership responsibilities.
Experienced Operator: Tenant is the fifth-largest operator in the system and operates over 120+ units across the US.
Retail Dense Corridor: Surrounded by National Retailers - Walmart, ALDI, Kroger, Steak ’n Shake, and more.
Convenient Access: Within a 40-minute drive of Downtown Springfield, Abraham Lincoln Capital Airport, and the University of Illinois Springfield.
Performance: Top-performing location and strategically located adjacent to Taylorville High School with over 800+ Students.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,576 SF
Year Built
2024
Price
$2,556,296
Price Per SF
$1,622
Cap Rate
6.75%
NOI
$172,550
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.61 AC
Zoning
C-2 - Commercial
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 17-13-22-101-009-01 | Improvements Assessment | $11,668 |
| Land Assessment | $35,006 | Total Assessment | $46,674 |
PROPERTY TAXES
Parcel Number
17-13-22-101-009-01
Land Assessment
$35,006
Improvements Assessment
$11,668
Total Assessment
$46,674
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Sonic | 929 Springfield rd
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