Hardee’s for Sale in Chillicothe, IL
Chillicothe, IL
Key Investment Metrics
Price
$1,086,000
Cap Rate
7.0%
Net Operating Income
$76,000
Building Size
3415 SF
Land Area
0.68 Acres
Remaining Term
16 years
Lease Expiration
08/01/2042
Lease Term
20 years
Lease Commencement
08/01/2022
Lease Type
Net
Tenant Credit
Corporate Guarantee
Year Built
2005
Occupancy
100%
Tenancy
Single
Rent Increases
10% Every 5 Years
Property overview
Hardee’s in Chillicothe
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 3,415 SF
- Land area
- 0.68 acres
- Year built
- 2005
- Lease type
- Net
- Lease expiration
- 08/01/2042
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.