311 Poplar StCentralia, IL 62801

This exceptional investment opportunity presents a 3,200 square foot Burger King located at 311 N Poplar St, Centralia, IL 62801. The property sits on a 0.88-acre lot and is currently operating under a 10-year, absolute triple-net (NNN) lease, commencing June 1, 2024, and expiring May 31, 2034, leaving 9.5 years remaining. The lease features a strong franchisee guarantee from Carrols LLC and includes annual rent increases of 1.00%, ensuring consistent income growth. The current annual net operating income (NOI) is $94,250, resulting in a 6.15% capitalization rate. The asking price is $1,532,520, translating to a price per square foot of $478.91. This is a single-tenant, 100% occupied property, offering a low-maintenance, passive income stream with minimal landlord responsibilities. The tenant's recent lease extension demonstrates a long-term commitment to this location. This investment provides a compelling opportunity for a secure and profitable addition to any portfolio. The property is categorized as retail, specifically QSR/Fast Food.