108 North 4th Street

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108 North 4th Street

Chillicothe, IL 61523
Asking Price
$1.09M
Cap Rate
7%
Asset Type
QSR/Fast Food Retail
Class
Class B

What's Special

7.00% CAP | Located in Peoria County <ul><li>​Rent Commencement: August 2022</li><li>​17+ Yrs.​ Left on Recently Extended 20-Year NNN Lease, with (4) 5-Year Options to Renew and 10% Rental Increases Every 5 Years</li><li>​Subject Property is Located on N 4th Street (15,060+ VPD), right off of the Illinois River and Illinois Route 29.​ It is 15 miles north of Downtown Peoria, IL, 100 miles southwest of Chicago, IL, and 150 miles northeast of St.​ Louis, MO.​</li><li>​Healthy Rent to Sales Ratio</li><li>​Property is Located 5-Miles F

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NOI
$80,000
Cap Rate
7.37%
DSCR
1.24
Tight
Cash-on-Cash
4.77%
Monthly Payment
$5,372.935
Annual Cash Flow
$15,524.775

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