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    220 Green St Bushnell, IL 61422

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    For Sale
    $1,296,000

    NNN leased Hardee's restaurant for sale in Bushnell, Illinois.

    Property size:
    3,371 SF
    Lot size:
    1.25 Acres

    Property Features for 220 Green St

    General Information

    Size
    3,371 SF
    Lot size
    1.25 Acres

    Source: Secure Net Lease - Dallas Agent Russell Smith

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hardee's Restaurant Investment Opportunity

    This property features a 3,371 square foot building constructed in 1983 and renovated in 2012, situated on a 1.04 acre site. It is located at the intersection of two main thoroughfares, providing excellent site-level visibility. The property is subject to a 20-year net lease with four 5-year options to renew, and includes 10% rental increases every 5 years. The lease is guaranteed by LBE Holdings, which includes 64 units, and had $87,000,000 in 2023. As one of only two national fast-food restaurants in the entire Bushnell market, it faces limited competition. Hardee’s operates over 1,800 restaurants across the U.S. and 13 other countries. The property is located in Bushnell, near Peoria, Canton, Roseville, and Macomb, with a population of 27,238+.
    Insight Report Location Intelligence

    Current Use by Public Records

    Hardee's Fast Food Restaurant

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Bushnell
    County
    McDonough
    State
    Illinois
    Longitude
    -90.5038974
    Latitude
    40.5451437

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    FAQs

    What type of property is this?
    Drive through restaurant - NNN leased Hardee's restaurant for sale in Bushnell, Illinois.
    Where is this drive through restaurant located?
    The property is located at 220 Green St Bushnell, IL.
    What is the asking price?
    The asking price for this property is $1,296,000.
    What are key features of this property?
    This property features: - Guaranteed 20-year net lease with options to renew and rental increases.; - Lease guaranteed by LBE Holdings with substantial revenue.; - Excellent visibility at the intersection of two main thoroughfares.
    (214) 522-7200
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    220 Green St Bushnell, IL 61422
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    Bushnell, IL 61422
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    220 Green St Bushnell, IL 61422
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