Hardee’s NNN Fast-Food
For Sale
Contact for pricing
Pending
220 Green Street, Bushnell, IL 61422
20-year net lease starting Aug 2022 with renewal options and step rent increases on a Hardee’s fast-food site.
Property Size3,371 SF
Days on Market53
Property Features for 220 Green Street
General Information
Standard status
Pending
Size
3,371 SF
Property subtype
Retail
Building Details
Year Built
1983
Listing Agency:
Secure Net Lease
Listed By:
Russell Smith · License #587553
Source:
Crexi
Added: Jun 15
Changed: Jul 10
Last Checked: Aug 4 at 7:20AM
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 Secure Net Lease
Investment Insights
Based on property information with market context.
The property is a Hardee’s fast-food restaurant offered as a 20-year net lease. Rent commenced in August 2022, with (4) 5-year options to renew. The lease includes 10% rental increases every 5 years and is guaranteed by LBE Holdings. The site is sized at 3,371 square feet.
The subject property benefits from site-level visibility at the intersection of Green Street and Ludwig Street, which serve as the two main thoroughfares heading in and out of the city of Bushnell. Reported traffic counts are 7k+ VPD.
For investors or buyers looking for a stabilized, single-tenant NNN retail restaurant investment, this offering provides long lease duration with scheduled rent escalations and multiple renewal options. The operating platform is affiliated with Tristar Ventures, which operates 26 units throughout Illinois and Indiana, and is part of the CKE Restaurant system. The lease is also supported by a broader guarantee structure tied to LBE Holdings.
The subject property benefits from site-level visibility at the intersection of Green Street and Ludwig Street, which serve as the two main thoroughfares heading in and out of the city of Bushnell. Reported traffic counts are 7k+ VPD.
For investors or buyers looking for a stabilized, single-tenant NNN retail restaurant investment, this offering provides long lease duration with scheduled rent escalations and multiple renewal options. The operating platform is affiliated with Tristar Ventures, which operates 26 units throughout Illinois and Indiana, and is part of the CKE Restaurant system. The lease is also supported by a broader guarantee structure tied to LBE Holdings.
Key Highlights
- Hardee’s fast‑food site built in 1983 with a 20‑year net lease that commenced in August 2022
- 20‑year net lease includes four 5‑year renewal options
- Lease provides 10% rental increases every 5 years
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
177
Businesses Nearby
16k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Dining 46%
Bushnell
Shops & Services
8,779 visits/mo
0.4 miles
Hardee's
Dining
6,175 visits/mo
0.1 miles
SUBWAY
Dining
1,167 visits/mo
0.2 miles
Demographics for 61422, IL
3,099
Population
1,607
Households
1.9
Avg Household Size
44
Median Age
15%
College-Educated
90%
High-School Grad
43.3 sq mi
ZIP Area
72
Density / Sq Mi
$62,768
Median Household Income
$38,602
Median Earnings
$622
Median Rent
$71,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - 20-year net lease starting Aug 2022 with renewal options and step rent increases on a Hardee’s fast-food site.
Where is this conventional restaurant located?
The property is located at 220 Green Street Bushnell, IL.
What is the asking price?
The asking price for this property is $1,157,000.
What are key features of this property?
This property features: Hardee’s fast‑food site built in 1983 with a 20‑year net lease that commenced in August 2022; 20‑year net lease includes four 5‑year renewal options; Lease provides 10% rental increases every 5 years
