108 North 4th Street, Chillicothe, IL 61523

Building Details

Year Built

2005

Listing agent Russell Smith License #587553

Listing office Secure Net Lease

Listing date Jun 15, 2026

Source Crexi

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Overview

This single-tenant Hardee’s restaurant is offered as a long-term net lease investment. Rent commenced in August 2022 under a 20-year net lease structure, with four additional five-year renewal options. The lease also provides for 10% rental increases every five years. The lease is guaranteed by LBE Holdings, and the property is being operated by TriStar Ventures, LLC.

The property is located on N 4th Street with reported frontage of 15,060+ VPD, right off the Illinois River and Illinois Route 29. It is approximately 15 miles north of Downtown Peoria, 100 miles southwest of Chicago, and 150 miles northeast of St. Louis. The broader region is described as a multi-county area centered along the Illinois River, including major employers such as Caterpillar.

For buyers and investors seeking a restaurant net lease, the structure includes a guaranteed tenant and multiple renewal options, with scheduled rent step-ups over the lease term. The operator’s profile is supported in the offering materials, including TriStar Ventures operating 26 units throughout IL and IN, and the CKE Restaurant system scale referenced for Hardee’s franchise operations. The rent-to-sales ratio cited in the remarks is 8.63%.

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Chillicothe

County

Peoria

State

Illinois

Longitude

-89.4920599

Latitude

40.9079303

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FAQs

What type of property is this?

Conventional restaurant - 20-year net lease commenced August 2022 with renewal options and scheduled rent increases.

Where is this conventional restaurant located?

The property is located at 108 North 4th Street Chillicothe, IL.

What is the asking price?

The asking price for this property is $1,086,000.

What are key features of this property?

This property features: 20‑year net lease commenced August 2022 with (4) 5‑year renewal options; Lease includes scheduled 10% rental increases every 5 years; Building year built: 2005