Map of Property

Sonic Drive-In

For Sale

111 W Lincoln Ave, Charleston, IL 61920

This Charleston property for sale is located at 111 W Lincoln Ave. The current listed sale price for Sonic Drive-In is $2,702,000. Sonic Drive-In is situated on a lot that is 0.6 acre in size.

Contacts

broker

John Andreini

CP Partners

Property Details

  • Property Type Retail - Freestanding
  • Property Size 1,659 SF
  • Lot Size 0.6 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Single Tenant
  • Year Built 2024
  • Date Updated Oct 11, 2024
-A 20-year absolute NNN lease Sonic featuring 1.5% annual rental increases throughout the base term and options. Tenant is the 5th largest Sonic franchisee in the U.S. with 123 locations in LA, TX, IL, TN, AR, ID, OR, and WA. Illinois is one of their best performing markets and the company is continuing to acquire other franchisees within their existing footprint.

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Highlights

  • 20-year absolute NNN lease featuring 1.5% annual rental increases throughout the base term and options
  • 2024 build-to-suit construction with drive-thru
  • Zero landlord expense or maintenance obligations making this a truly “hand-off” investment
  • Operator is a 123-unit franchisee operating on behalf of Sonic, Zaxby’s, and Take 5 Oil Change
  • Subject property features significant frontage and direct ingress/egress on W Lincoln Avenue – 20,124 VPD
  • Located less than 0.5 miles from Eastern Illinois University’s 320-acre campus – 8,850+ students
  • Unemployment rate only 3.2%, below 4% national average
  • Area retailers include McDonald’s, Starbucks, CVS, Walgreens, and dozens of other national retailers

Attachments

Getting around

  • 80/100

    Walk Score ®

  • 65/100

    Bike Score ®

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Location

  • City Charleston, IL
  • Zip Code 61920

Points of Interest

  • Marathon

    0.42 miles

  • Huck's

    0.88 miles

  • Casey's General Store

    1.14 miles

  • Murphy USA

    1.52 miles

  • Pacific 66

    7.87 miles

  • Citgo

    9.42 miles

  • Huck's Food & Fuel

    9.44 miles

  • J Lot

    0.27 miles

  • J-Lot

    0.28 miles

  • E-Lot

    0.46 miles

  • EIU X-Lot - Visitor Parking

    0.57 miles

  • X-Lot

    0.57 miles

  • EIU X Lot

    0.58 miles

  • Eastern Illinois University

    0.61 miles

  • W-Lot

    0.64 miles

  • S-Lot

    0.81 miles

  • 9th St. Lot

    0.85 miles

  • Pizza Hut

    0.04 miles

  • Little Caesars

    0.09 miles

  • McDonald's

    0.10 miles

  • McHugh's Double Drive-Thru

    0.15 miles

  • Taco Bell

    0.23 miles

  • Subway

    0.26 miles

  • Arby's

    0.32 miles

  • Jimmy John's

    0.34 miles

  • Bamca Mexican Grill

    0.38 miles

  • Marty's Bar

    0.39 miles

  • County Market

    0.23 miles

  • Walmart Supercenter

    1.51 miles

  • Aldi

    7.78 miles

  • Cross County Mall

    8.47 miles

  • JCPenney

    8.54 miles

  • Big Lots

    8.79 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

John Andreini

CP Partners