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    311 N Poplar St Centralia, IL 62801

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    For Sale
    $1,472,656

    Long-term NNN lease with attractive rental increases.

    Property size:
    3,200 SF
    Lot size:
    0.63 Acres

    Property Features for 311 N Poplar St

    General Information

    Size
    3,200 SF
    Lot size
    0.63 Acres

    Source: NNN Pro Group Agent Glen Kunofsky

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

    Overview

    Freestanding NNN Retail Property

    This is a freestanding retail property featuring a long-term, 10-year absolute triple net (NNN) lease, meaning zero landlord responsibilities. The tenant extended the current lease in 2023, demonstrating a long-term commitment to the location. The lease includes attractive 1.00% annual rental increases. The property is guaranteed by a strong franchisee, Carrols LLC. The property is 3,200 square feet and is located on N Poplar St, Centralia, IL. It is suitable for drive-through restaurants, restaurants, retail properties, NNN properties, and specialty properties.
    Insight Report Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Centralia
    County
    Marion
    State
    Illinois
    Longitude
    -89.131807
    Latitude
    38.530484

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    FAQs

    What type of property is this?
    Drive through restaurant - Long-term NNN lease with attractive rental increases.
    Where is this drive through restaurant located?
    The property is located at 311 N Poplar St Centralia, IL.
    What is the asking price?
    The asking price for this property is $1,472,656.
    What are key features of this property?
    This property features: - Long-Term, 10-Year Absolute Triple Net (NNN) Lease; - Zero Landlord Responsibilities; - Strong Franchisee Guarantee from Carrols LLC
    (332) 345-2408
    Request Owner's contact information
    311 N Poplar St Centralia, IL 62801
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    Centralia, IL 62801
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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
    311 N Poplar St Centralia, IL 62801
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