Drive-Through QSR Restaurant
For Sale
$1,300,000
500 N Giant City Rd, Carbondale, IL 62902
Modern 2019-built quick service restaurant with a drive-thru and dedicated parking on a 1.31-acre site.
Property Size2,929 SF
Lot Size1.31 Acres
Price / SF$443.84
Days on Market93
Property Features for 500 N Giant City Rd
General Information
Standard status
Active
Size
2,929 SF
Total Parking Spaces
48
Lot size
1.31 Acres
Property subtype
Retail
Additional Details
Traffic Count
15,400 vehicles/day
Building Details
Building Size
2,929 SF
Year Built
2019
Listing Agency:
Lorimont L.C.
Listed By:
Chris Cole, JD, CCIM, ALC · License #2018017770
(573) 275-0429
Source:
Lorimont
Added: Jul 14
Changed: Sep 13
Last Checked: Oct 12 at 5:34PM
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 Lorimont L.C.
Investment Insights
Based on property information with market context.
Constructed in 2019 as a build-to-suit quick service restaurant, this restaurant building features a spacious, modern layout designed for drive-thru operations. The property includes a 2,929 SF building and offers drive-thru service along with 48 dedicated parking spaces.
Located along one of Carbondale’s growing retail corridors, the site benefits from high visibility with reported traffic of 15,400 VPD.
This is a move-in ready restaurant property designed specifically for quick service use, with on-site parking capacity built to support customer throughput.
Located along one of Carbondale’s growing retail corridors, the site benefits from high visibility with reported traffic of 15,400 VPD.
This is a move-in ready restaurant property designed specifically for quick service use, with on-site parking capacity built to support customer throughput.
Key Highlights
- 2019‑built quick service restaurant (QSR) building constructed in 2019 as a build‑to‑suit
- 2,929 SF building with drive‑thru for quick service operations
- Located on a 1.31‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,891
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$777,820
$777.8K
Cap Rate 7%
$555,586
$555.6K
Cap Rate 9%
$432,122
$432.1K
Market Conditions
NOI Build-Up for 2,929 SF
Gross rent
$54.1K $18.48/SF
− Vacancy
−$2.3K −$0.78/SF
EGI
$51.9K $17.70/SF
− OpEx
−$13.0K −$4.43/SF
NOI
$38.9K $13.28/SF
Area
Jackson County, IL
Vacancy
4.20%
Lease Rate
$18.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$777,820
Cap Rate 7%
$555,586
Cap Rate 9%
$432,122
Alternative Uses
Best Use
Specialty Retail
$555.6K
$486.1K – $648.2K
NOI $38,891 @ 7.0% cap · market cap 2.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$798.4K
$698.6K – $931.4K
NOI $55,885 @ 7.0% cap · market cap 4.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
15,400 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
230
Businesses Nearby
Explore this area
Business Placement
Demographics for 62902, IL
4,344
Population
2,340
Households
1.9
Avg Household Size
42
Median Age
47%
College-Educated
95%
High-School Grad
64.3 sq mi
ZIP Area
68
Density / Sq Mi
$75,313
Median Household Income
$30,218
Median Earnings
$899
Median Rent
$184,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Modern 2019-built quick service restaurant with a drive-thru and dedicated parking on a 1.31-acre site.
Where is this drive through restaurant located?
The property is located at 500 N Giant City Rd Carbondale, IL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 2019‑built quick service restaurant (QSR) building constructed in 2019 as a build‑to‑suit; 2,929 SF building with drive‑thru for quick service operations; Located on a 1.31‑acre parcel
