Retail Space
2501 Adlai Stevenson Drive Springfield, IL 62703
Details & Description
Price: $1,369,000
    SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, freestanding, drive-thru equipped, Hardee’s investment property located in Springfield, Illinois. The tenant, StarCorp, LLC (140+ Units Operator), has approximately 4 years remaining in their initial term with 4 (5-year) options to extend. The lease features 2% annual rental increases throughout the initial term and option periods, as well as rental adjustment based on the fair market value at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.
    Property ID:    253442
    Property URL: melqr.com/253442
    Generated:    04-25-24
    Listing Agents
    Dan Elliott

    O: 312-279-5342
    dan.elliot@srsre.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.
    Retail Space / Illinois / Springfield / 62703 / 2501 Adlai Stevenson Drive

    2501 Adlai Stevenson Drive

    Springfield, IL 62703

    Listing ID: 253442
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    • 2501 Adlai Stevenson Drive Springfield, IL 62703 | for Sale | Photo 1
    • 2501 Adlai Stevenson Drive Springfield, IL 62703 | for Sale | Photo 2
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    2501 Adlai Stevenson Drive | for Sale | Thumbnail 2
    2501 Adlai Stevenson Drive | for Sale | Thumbnail 3
    Building Size: 5,167 SF
    Lot Size: --
    Land Size: --
    Building $/SF: $264.95
    Land $/SF:
    Price
    $1,369,000
    Description

    SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, freestanding, drive-thru equipped, Hardee’s investment property located in Springfield, Illinois. The tenant, StarCorp, LLC (140+ Units Operator), has approximately 4 years remaining in their initial term with 4 (5-year) options to extend. The lease features 2% annual rental increases throughout the initial term and option periods, as well as rental adjustment based on the fair market value at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Springfield History of Retail Space for Sale

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    Springfield Area Market Trends

    Listing Demographics for 2501 Adlai Stevenson Drive Springfield, IL 62703

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population6,45440,512105,542
    Population Median Age393739
    Population by Age0-9 Yrs927 (14%)5461 (13%)13136 (12%)
    10-19 Yrs761 (11%)5950 (14%)12934 (12%)
    20-29 Yrs958 (14%)5963 (14%)14773 (13%)
    30-39 Yrs690 (10%)5281 (13%)13795 (13%)
    40-49 Yrs730 (11%)4782 (11%)12423 (11%)
    50-59 Yrs857 (13%)5006 (12%)13827 (13%)
    60-69 Yrs725 (11%)4408 (10%)13070 (12%)
    70+ Yrs806 (12%)3660 (9%)11584 (10%)
    Median HH Income$51,036$47,611$51,059
    Total Household Income< 24K780 (28%)4595 (28%)11694 (25%)
    25-49K548 (20%)3901 (23%)10833 (23%)
    50-74K485 (17%)2948 (17%)8054 (17%)
    75-99K421 (15%)2093 (12%)5530 (12%)
    100-199K427 (15%)2447 (14%)7667 (16%)
    200K+44 (1%)411 (2%)2073 (4%)
    Highest Education LevelNo Diploma42529837010
    Diploma or GED1478801219661
    Some College1090632316403
    Assoc. Degree28118205352
    Bachelors Degree780468014614
    Higher Degree31625529345
    Total Housing Units2,93718,34851,132
    --Owner-Occupied1,88310,00727,783
    --Renter-Occupied8236,38818,069
    Owner-Occupied Values< 100K985538211712
    100-199K757322410608
    200-299K537542948
    300-399K352291116
    400-499K28232727
    500K+25187672
    Total Working Age Population5,11532,10284,878
    In Work Force2,78519,42852,342
    Not In Work Force2,32912,67432,536
    Workforce Employed2,57217,62948,329
    Workforce Unemployed2121,7943,963
    Civlian Workforce2,78519,42452,292
    Military Workforce0450
    Total Households2,70616,39545,852
    Family Households1,7529,56625,259
    Non-Family Households9546,82920,593
    Married Couple1,0535,53816,039
    Other Family6994,0289,220
    Married w/Child2001,6214,972
    Single Male w/Child1624381,046
    Single Female w/Child3802,1404,493

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Illinois12,419,293+312,830,632+1214,316,487+615,138,849
    Christian County35,372-234,800+1540,053+140,601
    Sangamon County188,951+5197,465+7210,672+6222,367

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 2501 Adlai Stevenson Drive in Springfield?
    The asking price for 2501 Adlai Stevenson Drive is $1,369,000
    What is the building size of this Retail property in Springfield, IL?
    The size of the building/unit at 2501 Adlai Stevenson Drive in Springfield is 5,167 square feet
    What kind of Retail is the propery at 2501 Adlai Stevenson Drive?
    The property at 2501 Adlai Stevenson Drive Springfield, IL 62703 is listed as a Food Service Retail property
    What is the population within 1 mile of 2501 Adlai Stevenson Drive in Springfield?
    The population within 1 mile of 2501 Adlai Stevenson Drive Springfield, IL 62703 is 6,454 people.
    Who do I contact for questions about 2501 Adlai Stevenson Drive?
    You should contact the listing agent, Dan Elliott, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Abraham Lincoln Capital Airport (SPI) 7
    Central Illinois Regional Airport at Bloomington-Normal (BMI) 62
    General Wayne A. Downing Peoria International Airport (PIA) 63
    Price
    $1,369,000
    Listing Agent
    Dan Elliott - CRE Agent at

    Dan Elliott

    SRS Chicago

    VIEW AGENT PROFILE

    CONTACT AGENT

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