NNN Restaurant
For Sale
Contact for pricing
3540 Court St, Pekin, IL 61554
Operating restaurant property backed by a new triple-net lease with scheduled rent escalations.
Property Size5,020 SF
Lot Size1.34 Acres
Days on Market143
Property Features for 3540 Court St
General Information
Standard status
Active
Size
5,020 SF
Lot size
1.34 Acres
Property subtype
Retail
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 12:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SURMOUNT
Investment Insights
Based on property information with market context.
This conventional restaurant property includes approximately 5,020 rentable square feet within a building situated on an estimated 1.34-acre parcel. The asset is identified as an Applebee’s location at 3540 Court Street in Pekin, Illinois.
A 12-year NNN lease began May 1st, 2022. The lease provides for 5.00% increases every five years during the initial term, offering a defined contractual escalation schedule.
A 12-year NNN lease began May 1st, 2022. The lease provides for 5.00% increases every five years during the initial term, offering a defined contractual escalation schedule.
Key Highlights
- Approximately 5,020 rentable square feet
- Estimated 1.34‑acre parcel
- 12‑year triple‑net lease commencing May 1st, 2022
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
443
Businesses Nearby
351k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 24%
Shops & Services 24%
Home Improvements & Furnishings 16%
Dining 16%
Walmart
Superstores
84,722 visits/mo
0.2 miles
Menards
Home Improvements & Furnishings
44,086 visits/mo
0.2 miles
Hobby Lobby
Shops & Services
30,827 visits/mo
0.3 miles
Starbucks
Dining
17,397 visits/mo
0.2 miles
Dollar Tree
Shops & Services
16,906 visits/mo
0.2 miles
Demographics for 61554, IL
40,854
Population
18,788
Households
2.2
Avg Household Size
42
Median Age
20%
College-Educated
90%
High-School Grad
73.8 sq mi
ZIP Area
554
Density / Sq Mi
$62,484
Median Household Income
$41,718
Median Earnings
$814
Median Rent
$123,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operating restaurant property backed by a new triple-net lease with scheduled rent escalations.
Where is this conventional restaurant located?
The property is located at 3540 Court St Pekin, IL.
What are key features of this property?
This property features: Approximately 5,020 rentable square feet; Estimated 1.34‑acre parcel; 12‑year triple‑net lease commencing May 1st, 2022
