Restaurant
Denny's
1130 S Illinois St, Belleville, IL 62220
Listing Price: $1,476,000
Cap Rate
6.50%
Tenant Name
Denny's
Guarantor
Franchisee Guarantee
Rentable SF
4,547
Lease Type
Absolute Net
Rent Per Square Feet
$21.11
Investment Overview
1130 S Illinois St, Belleville, IL
Denny's
Investment Highlights
- Brand New 15 Year Lease: Denny's will Enter into a Brand New 15-Year Absolute Net Lease Featuring Annual Rent Increases of 1.5%.
- Close to Local Universities: Denny's is conveniently located just 4 miles east of Southwestern Illinois College (SWIC), which boasts an enrollment of over 6,900 students.
- Prime Highway Location: Outstanding visibility and prominent Pylon Signage. This property is prominently positioned along State Highway 15, which sees a daily traffic volume of over 21,400 vehicles an
- Next to Belle-Clair Fairground & Expo Center: The Fairground and Expo Center hosts a variety of monthly events, including family-friending gatherings, flea markets, sporting events, anitque shows, auto swap meets, and more.
- Part of the St. Louis MO-IL Metro Area: Belleville stands as the most populous city in the Metro-East region of the St. Louis Metro, situated in Southern Illinois.
- Scott Air Force Base: Scott Air Force Base plays a significant role in Belleville's economy, employing more than 13,000 individuals and situated only 9 miles away from Denny's location.
Listing Price: $1,476,000
Cap Rate
6.50%
Tenant Name
Denny's
Guarantor
Franchisee Guarantee
Rentable SF
4,547
Lease Type
Absolute Net
Rent Per Square Feet
$21.11
Investment Highlights
- Brand New 15 Year Lease: Denny's will Enter into a Brand New 15-Year Absolute Net Lease Featuring Annual Rent Increases of 1.5%.
- Close to Local Universities: Denny's is conveniently located just 4 miles east of Southwestern Illinois College (SWIC), which boasts an enrollment of over 6,900 students.
- Prime Highway Location: Outstanding visibility and prominent Pylon Signage. This property is prominently positioned along State Highway 15, which sees a daily traffic volume of over 21,400 vehicles an
- Next to Belle-Clair Fairground & Expo Center: The Fairground and Expo Center hosts a variety of monthly events, including family-friending gatherings, flea markets, sporting events, anitque shows, auto swap meets, and more.
- Part of the St. Louis MO-IL Metro Area: Belleville stands as the most populous city in the Metro-East region of the St. Louis Metro, situated in Southern Illinois.
- Scott Air Force Base: Scott Air Force Base plays a significant role in Belleville's economy, employing more than 13,000 individuals and situated only 9 miles away from Denny's location.
Investment Overview
1130 S Illinois St, Belleville, IL
