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    108 N 4Th St Chillicothe, IL 61523

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    For Sale
    $1,216,000

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

    Property size:
    3,415 SF
    Lot size:
    0.87 Acres

    Property Features for 108 N 4Th St

    General Information

    Size
    3,415 SF
    Lot size
    0.87 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 NNN Lease Investment Opportunity

    This property features a 3,415 square foot building constructed in 2005 and renovated in 2012, situated on a 0.68 acre site. The property is subject to a recently extended 20-year NNN lease with over 17 years remaining, including four 5-year options to renew and 10% rental increases every 5 years. The tenant, Hardee’s, operates over 1,800 restaurants across the U.S. and 13 other countries. The lease is guaranteed by LBE Holdings, which includes 64 units and had a total revenue of $87,000,000 in 2023. TriStar Ventures operates 26 units throughout Illinois and Indiana, and generated approximately $30,000,000 in revenue in 2023. The property is located 15 miles north of downtown Peoria, Illinois, 100 miles southwest of Chicago, Illinois, and 150 miles northeast of St. Louis, Missouri. Peoria is consistently ranked on the BestPlaces rankings in the U.S. and has a population of 181,830.
    Insight Report Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

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

    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

    Nearby Similar for Sale

    • $310,000
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      CVS Pharmacy

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      322 Plz Dr, Chillicothe, IL 61523
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    • $690,000
      10,600 SF

      Chillicothe Retail Investment Opportunity

      10,600 SF Flex Space, High Traffic Area
      312 Plaza Park, Chillicothe, IL 61523
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    FAQs

    What type of property is this?
    Drive through restaurant - NNN leased Hardee's restaurant for sale in Chillicothe, Illinois.
    Where is this drive through restaurant located?
    The property is located at 108 N 4Th St Chillicothe, IL.
    What is the asking price?
    The asking price for this property is $1,216,000.
    What are key features of this property?
    This property features: - Long-term NNN lease with 17+ years remaining, including options to renew and scheduled rental increases.; - Lease guaranteed by LBE Holdings, a company with substantial revenue ($87,000,000 in 2023) and numerous units (64).; - Tenant is Hardee's, a well-established and globally recognized restaurant chain with over 1,800 locations.
    (214) 522-7200
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    108 N 4Th St Chillicothe, IL 61523
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    Chillicothe, IL 61523
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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
    108 N 4Th St Chillicothe, IL 61523
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