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111 W Lincoln Ave
Charleston, IL 61920

$2,725,000 USD

Fast Food For Sale  •  1,660 SF

Property Details

  • Property Type Fast Food
  • Total Building Size 1,660 SF
  • Lot Size 0.6 AC
  • Year Built 2024
  • Cap Rate 6.75 %
  • Tenancy Single
0 Transit Score
80 Walk Score

Highlights

20-year absolute NNN lease featuring 1.5% annual rental increases throughout the base term and options
2024 build-to-suit construction with drive-thru
Zero landlord expense or maintenance obligations making this a truly “hand-off” investment
Operator is a 123-unit franchisee operating on behalf of Sonic, Zaxby’s, and Take 5 Oil Change
Subject property features significant frontage and direct ingress/egress on W Lincoln Avenue – 20,124 VPD
Located less than 0.5 miles from Eastern Illinois University’s 320-acre campus – 8,850+ students

Property Flyers

Cap Rate: 6.75 %

Major Tenants

Tenant SF Occupied Lease End Date
Sonic Drive-In 1,660 SF
John Andreini 650-678-7200 CP Partners CRE
John Andreini 650-678-7200 CP Partners CRE