929 Springfield Rd Taylorville, IL 62568

Property Details for 929 Springfield Rd

Zone code

C-2

Property type

Commercial real estate

APN

17-13-22-101-009-01

APU

17132210100901

Description

This exceptional investment opportunity presents a 1,576 square foot Sonic Drive-In restaurant located at 929 W Springfield Rd, Taylorville, IL 62568. Built in 2024, this property boasts a 20-year absolute NNN lease with a corporate guarantee from a highly experienced operator managing over 120 units nationwide. The lease includes annual rent bumps of 1.5%, ensuring consistent income growth. The property sits on a 0.61-acre lot in a retail-dense corridor, surrounded by major national retailers like Walmart, ALDI, and Kroger, ensuring high visibility and traffic. The location benefits from excellent frontage and accessibility along West Springfield Road, which sees approximately 13,500 vehicles per day. Its proximity to Taylorville High School (800+ students) contributes to its strong performance. The property offers a 6.50% cap rate with a net operating income (NOI) of $170,000 and an asking price of $2,615,000 ($1,659.26/sq ft). The lease provides passive ownership with the tenant responsible for all taxes, common area maintenance, and insurance. Conveniently located within a 40-minute drive of Downtown Springfield, Abraham Lincoln Capital Airport, and the University of Illinois Springfield, this property represents a secure and lucrative investment opportunity. Four and five-year lease options are also available. 100% occupancy.

Location Insight

City

Taylorville

County

Christian

State

Illinois

Longitude

-89.3053

Latitude

39.5633

CBSA code

45380

CBSA name

TAYLORVILLE, IL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments