Sonic

929 W Springfield Rd, Taylorville, IL
Deal Type:
Net Lease
Price:
$2,615,000
Cap Rate:
6.50%
Current Rent:
$170,000
Lease Type:
Triple Net
Lease Term:
20 years
Landlord Responsibilities:
None
Renewal Options:
4, 5-Year Options
Building Sq. Ft.:
1,576 SF
Rent Increases:
1.5% Annually
Site Size:
.61 Acres

Investment Highlights

  • 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, Taylorville High School, and the University of Illinois Springfield.
  • Traffic Counts: Excellent Frontage and Accessibility Along West Springfield Road, which has a traffic count of ~ 13,500 VPD.
  • Performance: Top-performing location and strategically located adjacent to Taylorville High School with over 800+ Students.

Listing Agents

Connor Shell

Managing Director
407 913 9009
[email protected]

Graham Gold

Vice President
314 324 8792
[email protected]
phil digennaro stream capital partners

Phil DiGennaro

Managing Director
203 610 1541
[email protected]

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