Morton, IL 61550

Steak 'n Shake

Property Address

151 East Ashland Street, Morton, IL, USA

Offering Summary

  • Price: $2,437,143
  • Lot Size: 1.41 Acres
  • Cap Rate: 7.0%
  • Year Built: 2006
  • Building SF: 4,360
  • Status: Available
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  • Absolute Triple-Net (NNN) Lease with Steak ‘N Shake - Corporate Guaranty
  • Four Years Remaining on Lease Term with Annual Rental Increases
  • 30,462 Residents in Growing Trade Area - Peoria, IL MSA
  • Average Household Income Exceeds $108,000 within a Three-Mile Radius
  • Easily Accessible Location Immediately Off I-74 (41,400+ Cars/Day) and North Morton Avenue (19,250+ Cars/Day)
  • Strong Daytime Population with 31,200+ Employees within a Five-Mile Radius
  • Situated in Dense Retail Corridor - Walmart, ALDI, Taco Bell, Burger King, Cracker Barrel, Culver’s, and More
  • Within 15 Minutes Drive-Time from Downtown Peoria, Illinois Central College - East Peoria Campus, and General Wayne A. Downing International Airport
  • One Mile East of the I-74 and I-155 Interchange - 64,600+ Total Cars/Day

Broker Information