3019 Dirksen Pkwy Springfield, IL 62702

Property Details for 3019 Dirksen Pkwy

Lot size

0.92 lot acres

Property type

Commercial real estate

APN

22-12.0-301-032

APU

22120301032

Description

This exceptional investment opportunity presents a 4,980-square-foot Panera Bread restaurant located at 3019 S Dirksen Pkwy, Springfield, Illinois. Built in 2004, this single-tenant property sits on a 0.92-acre lot and boasts a strong 100% occupancy rate. The property is zoned B-1 and features a long-term lease with Panera Bread, expiring December 31, 2033, representing a remaining lease term of 9.1 years. The current annual net operating income (NOI) stands at $135,796, translating to an attractive 6.14% capitalization rate and a price per square foot of $443.78. The asking price for this established and profitable restaurant is $2,210,000. The lease includes a 10% rent increase after year five, ensuring future income growth. This is a rare opportunity to acquire a well-established, high-performing restaurant in a desirable location with significant remaining lease term, offering a stable and lucrative investment prospect. The property's strong performance history, coupled with the established brand recognition of Panera Bread, makes this an ideal addition to any investment portfolio. Detailed financial information is available upon request.