Hardee's NNN Property For Sale — Springfield, IL
2501 Stevenson Drive, Springfield, IL 62703
This absolute NNN Hardee's property, ideally situated in Springfield, Illinois, presents an exceptional investment opportunity. The tenant, StarCorp, LLC (operating 140+ units), has approximately 4 years remaining on its initial lease term, with four 5-year options to extend. The lease includes 2% annual rental increases throughout the initial term and option periods, along with rent adjustments based on fair market value at the start of each option. This structure ensures a consistently growing Net Operating Income (NOI) and provides a hedge against inflation. With zero landlord responsibilities, this property offers a hassle-free, management-free investment for a passive investor. The property benefits from a strategic location on Adlai Stevenson Drive, a major commuter thoroughfare wit…
- Address: 2501 Stevenson Drive, Springfield, IL 62703
- Asking price $1.37M
- 6.75% cap rate
- NOI $92,377
- 4 years remaining
- NNN lease
Asset type: Retail