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    1201 W Weir St Litchfield, IL 62056

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    For Sale
    $2,401,300

    NNN leased Taco Bell in Litchfield, IL for sale.

    Property size:
    2,671 SF
    Lot size:
    0.57 Acres

    Property Features for 1201 W Weir St

    General Information

    Size
    2,671 SF
    Lot size
    0.57 Acres

    Source: SRS Real Estate Partners | Chicago Agent Dan Elliot

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

    Overview

    Taco Bell NNN Investment

    This is an opportunity to acquire a fee simple interest in an absolute NNN leased Taco Bell investment property located in Litchfield, IL. The tenant, Bell Missouri LLC, has over 9 years remaining on the lease, with 6 options to extend for 5 years each. The lease includes 1.5% rental increases annually throughout the initial term and at the beginning of each option period. The property is 2671 square feet. The lease is absolute NNN with zero landlord responsibilities.
    Insight Report Location Intelligence

    Current Use by Public Records

    Taco Bell Fast Food Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Litchfield
    County
    Montgomery
    State
    Illinois
    Longitude
    -89.668221
    Latitude
    39.178914

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    FAQs

    What type of property is this?
    Drive through restaurant - NNN leased Taco Bell in Litchfield, IL for sale.
    Where is this drive through restaurant located?
    The property is located at 1201 W Weir St Litchfield, IL.
    What is the asking price?
    The asking price for this property is $2,401,300.
    What are key features of this property?
    This property features: - Absolute NNN lease with zero landlord responsibilities, offering a management-free investment.; - Over 9 years remaining on the initial lease term, providing stable long-term income.; - Benefit from 1.5% annual rental increases throughout the initial term and option periods, hedging against inflation and growing NOI.
    (312) 972-7978
    Request Owner's contact information
    1201 W Weir St Litchfield, IL 62056
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    Litchfield, IL 62056
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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
    1201 W Weir St Litchfield, IL 62056
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