10% Cap Absolute NNN Drive-Thru QSR

$420,000

1000 Charleston Avenue, Mattoon, IL 61938

For Sale

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Retail Restaurant

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Last Updated: 09/01/2026

Details:

Cap Rate: 10%

NOI: $42,000

Building Size: 2,530 sqft

Lot Area: 0.48 acres

Occupancy: 100%

Class: C

Lease Type: Absolute Net

Year Built: 1990

Zoning: C3- Commercial Retail

Tenancy: Single

Seller Financing: Yes

Parking Spots: 28

Gross Leaseable Area: 2,530

Lease Expire Year: 07/31/2029

Offered by Broker

Abobakr Abedelmalik

Owner

Bakr Estate Investments

Request Info to Unlock

Description:

NNN Drive-Thru QSR

Acquire 100% of a fully leased absolute NNN drive-thru QSR property at 1000 Charleston Avenue, Mattoon, Illinois.

TENANT
Patty’s Drive In leases the property and pays rent every month.

NET INCOME

• $3,500 monthly net rent
• $42,000 annual NOI
• Tenant-paid property expenses

INVESTMENT RETURN

• Purchase price: $420,000
• Cap rate: 10.0%
• Hands-off cash flow from day one

WHAT YOU OWN

• 100% ownership of the land and building
• 100% of the rental income
• Full control of the property
• Full benefit of future appreciation

ABSOLUTE NNN LEASE

The tenant covers taxes, insurance, maintenance, repairs, and operating expenses as required under the lease.

PROPERTY HIGHLIGHTS

• 2,530-square-foot drive-thru QSR
• 0.48-acre corner lot
• 28 parking spaces
• 157 feet of street frontage
• Pylon signage
• Established restaurant configuration

Full property. Full income. Minimal landlord responsibility.

Lease and financial documents available to qualified buyers. Sale includes the income-producing real estate and lease; restaurant business not included.