1303 State St Jerseyville, IL 62052-3603
Property profile & analytics
1303 State St Jerseyville, IL 62052-3603
- Commercial land
- 0.81 lot acres
Property ID
US28-1452621
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial land
Property Details for 1303 State St
- Year built
- 2022
- Lot size
- 0.81 lot acres
- Property type
- Commercial land
- APN
- 04-210-003-00
- APU
- 421000300
Description
This exceptional investment opportunity presents a fee-simple interest in a newly constructed (2022), 1,901 square foot KFC restaurant located in Jerseyville, Illinois. Situated on a 0.81-acre lot, this property benefits from a prime location directly across from a Walmart Supercenter, ensuring high visibility and traffic. The property is part of a thriving retail area with other national brands such as AT&T, AutoZone, Taco Bell, Dollar Tree, Great Clips, US Cellular, Burger King, and Arby's. The tenant, operating under a 20-year absolute triple-net (NNN) lease commencing January 24, 2023, and expiring January 31, 2043, provides a secure, long-term investment with 18.2 years remaining. The lease includes a 7.5% rent increase every five years and three, five-year renewal options, guaranteeing consistent income growth. The property boasts a 6.20% cap rate and a net operating income (NOI) of $115,015, with an asking price of $1,855,000 ($975.80 per square foot). The franchisee operates 24 locations in Missouri and Illinois, providing financial stability. This location's proximity to a major retailer and its distance from other KFC locations (approximately 18 miles) contribute to its strong performance since opening in January 2023. This is a rare opportunity to acquire a high-performing, long-term net lease investment in a desirable location.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Jerseyville
- County
- Jersey
- State
- Illinois
- Longitude
- -90.3145
- Latitude
- 39.1051
- CBSA code
- 41180
- CBSA name
- ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$2,246
$27,350
$0.00
$27,350
-
$82,050
$0.00
$82,050
