1300 Avenue Of Mid America | Effingham, IL 62401
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
1300 Avenue Of Mid America
Effingham, IL 62401
Retail Property For Sale
Investment Highlights
- 11 Years Remaining on Absolute NNN Lease with Attractive Rental Escalations every 5 Years – Lesser of 10% or 1.25x of CPI
- Brinker Restaurant Corporation has More than 1,650 Restaurants Worldwide Under the Names Chili’s Grill & Bar and Maggiano’s Little Italy
- Positioned on a Large ±1.37-Acre Lot – Pad Site to a Walmart Supercenter (Just Off the Hard Corner) where Traffic Counts Exceed 31,750 CPD!
- NEXT ESCALATION ON 06/01/22 BRINGING YIELD TO 6.33%!
- Successfully Open & Operating Since 2016 ($300,000+ Remodel at Tenant’s Cost) with an Attractive 5.11% Rent to Sales Ratio!
- 2020 DEMOGRAPHICS (5-MI): Total Population: 18,661 | Average Household Income: $82,898
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
4,656 SF
Building Class
C
Year Built/Renovated
2003/2016
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.36 AC
Zoning
Commercial
Frontage
222 ft on Avenue of Mid-America
Amenities
- Pylon Sign
- Restaurant
- Signage
- Monument Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 0311018105 | Improvements Assessment | $311,846 |
| Land Assessment | $273,732 | Total Assessment | $585,578 |
PROPERTY TAXES
Parcel Number
0311018105
Land Assessment
$273,732
Improvements Assessment
$311,846
Total Assessment
$585,578
1 of 1
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
