Listed by Marcus & Millichap - Austin
$1,237,500
Logan's Roadhouse
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 7,268
Net Rentable (SqFt) 7,268
Cap Rate 8%
NOI $99,000
Occupancy 100%
Tenancy Single
Brand/Tenant Logans Roadhouse
Lease Term 23.6
Lease Expiration 09/29/2029
Remaining Term 3.2
Rent Bumps Yes
Lease Options Two (2), 5-Year Options
Price per SqFt $170
Year Built 2007
Buildings 1
Acreage 1.620
Zoning Commercial
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 03/12/2006
Ground Lease Yes
Ownership Ground Lease
20+ Year Operator | Strong Retail Synergy | Passive Income | 8.00% CAP | 7,268 SqFt
Investment highlights
20+ Year Operator - Long-term Logan’s Roadhouse tenancy underscores stability and location performance.
Passive, Predictable Income - Attractive ground lease structure minimizes landlord responsibility while ensuring consistent cash flow.
Immediate Traffic Catalyst - Adjacent to brand new $13 Million riverfront hotel, driving new demand, visibility, and customer volume.
Dominant Retail Corridor- Located just off Interstate 74, the site is surrounded by an abundance of national eateries and retail operators.
Conference-Driven Demand - The property is directly across the street from the East Peoria Conference Center, providing steady, event-based traffic.
Listing Contacts
Listed by Marcus & Millichap - Austin
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$99,000.00
$8,250.00/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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