Hardee’s NNN Restaurant
For Sale
Contact for pricing
Pending
3503 NE Adams St, Peoria, IL 61603
Operating restaurant with an absolute NNN lease and multiple renewal options.
Property Size2,983 SF
Lot Size0.79 Acres
Days on Market142
Property Features for 3503 NE Adams St
General Information
Standard status
Pending
Size
2,983 SF
Lot size
0.79 Acres
Property subtype
Retail
Additional Details
Traffic Count
13,300 vehicles/day
Building Details
Year Built
1990
Listing Agency:
CBRE - Atlanta
(404) 504-7893
Listed By:
Chris Bosworth · License #GA 248342
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 4:12AM
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 CBRE - Atlanta
Investment Insights
Based on property information with market context.
The property includes a 2,983-square-foot Hardee’s restaurant on 0.79 acres. Constructed in 1990, the site has operated under the Hardee’s brand for 33 years. The absolute NNN lease has approximately 9.5 years remaining in its primary term, followed by four 5-year renewal options. Annual rent increases are tied to the lesser of 1.75% or 1.25 times the CPI increase. The lease is supported by a guaranty from LBE Holdings, LLC, River Valley Restaurants, LLC, and North Star Foods, LLC, each wholly owned subsidiaries of Capstone Restaurant Group, which operates more than 270 locations across 16 states.
The restaurant occupies a hard corner at Northeast Adams Street and Eureka Street, just west of the Illinois River and within feet of the McClugage Bridge. Northeast Adams Street carries 13,300 VPD. More than 950 households are located within a 1-mile radius, while the surrounding 3-mile area includes 3.2 MSF of industrial space, 3.5 MSF of retail space, 6.2 MSF of office space, and 3,226 multifamily units.
The restaurant occupies a hard corner at Northeast Adams Street and Eureka Street, just west of the Illinois River and within feet of the McClugage Bridge. Northeast Adams Street carries 13,300 VPD. More than 950 households are located within a 1-mile radius, while the surrounding 3-mile area includes 3.2 MSF of industrial space, 3.5 MSF of retail space, 6.2 MSF of office space, and 3,226 multifamily units.
Key Highlights
- 2,983‑square‑foot Hardee’s restaurant on 0.79 acres
- Absolute NNN lease with approximately 9.5 years remaining in the primary term
- Four 5‑year renewal options included
Property Analytics
Current Use
Lease Details
13,300 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
142
Businesses Nearby
15k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Dining 30%
Circle K
Shops & Services
10,373 visits/mo
0.4 miles
Hardee's
Dining
4,456 visits/mo
0.1 miles
Demographics for 61603, IL
15,503
Population
8,291
Households
1.9
Avg Household Size
33
Median Age
15%
College-Educated
87%
High-School Grad
4.2 sq mi
ZIP Area
3,691
Density / Sq Mi
$40,405
Median Household Income
$29,084
Median Earnings
$976
Median Rent
$73,100
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?
NNN property - Operating restaurant with an absolute NNN lease and multiple renewal options.
Where is this nnn property located?
The property is located at 3503 NE Adams St Peoria, IL.
What are key features of this property?
This property features: 2,983‑square‑foot Hardee’s restaurant on 0.79 acres; Absolute NNN lease with approximately 9.5 years remaining in the primary term; Four 5‑year renewal options included
