111 Lincoln Ave Charleston, IL 61920

This exceptional investment opportunity presents a 20-year absolute NNN lease for a newly constructed (2024) Sonic Drive-In located at 111 W Lincoln Ave, Charleston, IL 61920. The 1,660 square foot building sits on a 25,920 square foot lot and boasts a strong 6.75% cap rate with a NOI of $182,357. The lease includes 1.5% annual rental increases throughout the base term and four, 5-year options, ensuring consistent and growing income. The tenant is a highly successful, multi-brand franchisee operating 123 locations across multiple states, making this a low-risk, passive investment. This freestanding building benefits from significant frontage and direct access to W Lincoln Avenue, a road with 20,124 vehicles per day. Its strategic location less than half a mile from Eastern Illinois University's 320-acre campus, serving over 8,850 students, guarantees a substantial customer base. The property's location within a thriving retail corridor, alongside national brands like McDonald's, Starbucks, CVS, and Walgreens, further enhances its appeal. Charleston, IL, boasts a low unemployment rate of 3.2%, underscoring the area's economic strength. This is a truly "hands-off" investment with zero landlord expenses or maintenance obligations. The asking price is $2,702,000.