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Carlinville, IL - Hardee's

$1,083,000

454 N Broad St, Carlinville, IL 62626

Active
Last Updated: 06/23/2025

6

Cap Rate

65,000

NOI

Details:
Cap Rate:    6%
NOI:    $65,000
Building Size:    2,765 sqft
Lot Area:    1.24 acres
Year Built:    2000
Zoning:    C1: Neighborhood Commercial
Description:

• Tenant has operated at this location since 2007 and currently has over 9 years remaining on the lease, with four (4) additional 5-year renewal options, underscoring long-term commitment and income security
• Lease includes scheduled 2% annual rent increases, providing consistent income growth and an effective inflation hedge

• Positioned within a primary retail node near national tenants including Dollar General, Ace Hardware, and United Community Bank
• Directly across from Carlinville City Hall and Public Library, and just minutes from the County Courthouse and Public Square, the property benefits from consistent foot and vehicular traffic tied to daily municipal operations and community activity

Map:
Location
Gallery