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31430306
31430307

316 S Main St, Paris, IL 61944

BB
IL 471020548, OH BRK.200900214 (+21)
Bang Realty
DB
MI 6502378067, OH BRKP.2020008390
Encore Real Estate Investment Services
KR
OK 174455
Encore Real Estate Investment Services
GN
MI 6501466987
Encore Real Estate Investment Services
HR
MI 6501437404
Encore Real Estate Investment Services
Listed by Bang Realty, Encore Real Estate Investment Services
$350,000
64 days on market
Updated 64 days ago

Absolute NNN Hardee's (Dark)

Details
Property Type Retail
Sub Type Convenience Store, QSR/Fast Food (+1)
Square Footage 4,575
Cap Rate 6.29%
NOI $22,000
Occupancy 100%
Tenancy Single
Brand/Tenant Hardee's
Lease Type Absolute NNN
Lease Term 55.5
Lease Expiration 07/31/2028
Remaining Term 2.2
Lease Options (3) 5 Year
Price per SqFt $77
Buildings 1
Stories 1
Acreage 0.520
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/27/1973

Retail Property For Sale

Marketing description

ABSOLUTE NNN HARDEE’S (DARK) located at 316 South Main Street, Paris, IL 61944 offers a compelling value-add opportunity in the heart of Paris, Illinois. This freestanding 4,575 SF former Hardee’s sits on 0.52 acres along South Main Street, a key north-south corridor with traffic counts exceeding 6,500 vehicles per day.

Designed with an existing restaurant layout, kitchen infrastructure, dedicated parking, and drive-thru potential, the property is well-positioned for efficient re-tenanting, repositioning, or redevelopment. Its strong visibility and convenient access near downtown Paris, surrounding neighborhoods, schools, and local developments make it an attractive location for quick-service restaurant, coffee, or other retail users.

Offered at $350,000, the asset presents an affordable entry point for investors seeking stable small-market real estate with upside. The surrounding trade area is anchored by national and regional retailers including Walmart, CVS, Dollar General, Dollar Tree, Burger King, and Verizon, reinforcing the site’s long-term consumer draw. Situated in a stable county-seat community with consistent demand for necessity-based retail and dining, this property combines location, functionality, and future potential in one high-visibility offering.

Investment highlights

  • Freestanding Value Add Restaurant Building | Former Hardee’s with existing restaurant layout, kitchen infrastructure, and dedicated parking, allowing for efficient re-tenanting or redevelopment
  • High-Visibility Location | Positioned along South Main Street, a primary north–south corridor through Paris averaging 6,500+ vehicles per day
  • Drive-Thru Potential | Site configuration and prior use support drive-thru functionality, a highly desirable feature for modern QSR and coffee operators
  • Strong Accessibility | Convenient ingress/egress with close proximity to downtown Paris and nearby residential neighborhoods, schools, and developments
  • Small-Market Stability | Located in a stable market with retailers like Dollar General, Verizon, Burger King, Walmart, Dollar Tree, CVS and More

Listing Contacts

BB
IL 471020548, OH BRK.200900214 (+21)
Bang Realty
DB
MI 6502378067, OH BRKP.2020008390
Encore Real Estate Investment Services
KR
OK 174455
Encore Real Estate Investment Services
GN
MI 6501466987
Encore Real Estate Investment Services
HR
MI 6501437404
Encore Real Estate Investment Services
Listed by Bang Realty, Encore Real Estate Investment Services

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$22,000.00
$1,833.33/mo

Valuation Metrics

0
DSCR
6.29%
Cap Rate
6.29%
ROI

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Additional Information

Name
Brian Brockman
License
471020548
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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