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3431 N University St
Peoria, IL 61604

$1,999,999 USD

Fast Food For Sale  •  3,097 SF

Property Details

  • Property Type Fast Food
  • Total Building Size 3,097 SF
  • Lot Size 1.01 AC
  • Year Built 2016
  • Cap Rate 6.88 %
  • Tenancy Single
35 Transit Score
68 Walk Score

Highlights

True NNN lease - ZERO LANDLORD RESPONSIBILITIES
20 Year, Absolute NNN Lease With & 10% Rent Increases Every 5 Years In Primary Term Plus 4 (5 Year) Options
Approx. 12 Years Left On The Original Lease With 10% Rent Increases Every 5 Years in Primary Term
Newer Construction - Built In 2016 with drive-thru - Strong Operator Operating With A Strong Rent to Sales Ratio
Monthly rental payments have always been paid on time -- never late!
Excellent Street Frontage and is located in front of a Walmart (in the same shopping center)

Financial Summary

Cap Rate: 6.88 %

Amenities

  • Restaurant
  • Signage
  • Signalized Intersection
  • Drive Thru
  • Accent Lighting
  • Air Conditioning

Public Transportation

AirportDriveWalkDistance
General Downing - Peoria International 17 min - 8.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 20
Type: Surface
Included in Rent: Yes
Ruben Khorsandi 949-683-6662 Alliance Investment Real Estate Group
Ruben Khorsandi 949-683-6662 Alliance Investment Real Estate Group