long history of occupancybelow replacement value [ www.CapitalPacific.com ]

629 W. Main Street, Benton, IL

absolute net corporate hardee’s

RentaBLe SF . . . . . . . . . . . . . . . 2,448 SF

PRICe PeR SF . . . . . . . . . . . . . . . $394.20

Lot SIze . . . . . . . . . . . . . . . . . . 0.54 Acres

noI . . . . . . . . . . . . . . . . . . . . . . $57,908

LeaSe exPIRatIon . . . . . . . . . 6/30/2028

PRICE: $965,000CAP: 6.00%

Listing TeamContact Info

In conjunction with IL Licensed Broker:Keeler Real Estate, LLC | (312) 263-1010

PROperty Summary

Capital Pacific collaborates. Click Here to meet the rest of our San Francisco team.

hARdEE’s Is loCAtEd In bEnton, Il, just off of IntERstAtE 57 on thE mAIn ARtERIAl. thE PRoPERty Is AdjACEnt to dAIly nEEds REtAIlER Cvs, And ComPlEmEntARy quICk sERvICE tEnAnts lIkE tACo bEll, ARby’s And PhIllIP’s 66 sERvICE stAtIon. thE sItE boAsts A tAll monumEnt sIgn thAt Is vIsIblE fRom thE IntERstAtE.

chris kostaneckick@capitalpacific.com | (415) 274-2701CA BRE# 01002010

zeb ripplezripple@capitalpacific.com | (415) 274-2702CA BRE# 01242540

chris peterscpeters@capitalpacific.com | (415) 274-2703CA BRE# 01339983

jack navarrajnavarra@capitalpacific.com | (415) 274-2705CA BRE# 01909630

HARdEE’S | 2

thIs fREEstAndIng hARdEE’s Is loCAtEd on thE mAjoR REtAIl ARtERIAl In bEnton, Il, wIth dIRECt ACCEss vIA off-RAmP to IntERstAtE 57 Strong store sales & below market rent

core characteristics

CoRPoRate LeaSe/hIStoRICaL oCCuPanCy This is a corporate lease guaranteed by Hardee’s. The tenant has been at this location since 1973 and is an established restaurant with strong reported annual sales. Over the past 3 years alone, annual sales have grown by over 18.5%. The tenant recently extended the lease for 10 years, demonstrating their continued commitment to this location.

LoW oCCuPanCy CoStS/ BeLoW MaRket LeaSe RateThe annual base rent for this property is approximately $20,363 and the store sales produce percentage rent for the owner. Store sales have increased 18.5% over the previous three years and have provided a 30% increase in the percentage rent paid out. In 2013, percentage rent paid was $33,410, in 2014 it was $35,865 and in 2015 it was $43,362. Tenant’s fiscal year ends in June and percentage rent is paid and due 90 days thereafter.

LeaSe hIghLIghtSThe lease is corporately guaranteed and is an absolute net lease with the tenant responsible for the structure, grounds, taxes and insurance.

BeLoW RePLaCeMent vaLueThe property is being offered for sale at below replacement value.

HARdEE’S | 3

LoCated on MajoR aRteRIaL neaR FReeWay oFF-RaMP

zoomed-in aerial

W Main StreetW Main Street e Main Street

n M

ain

Stre

etS

Mai

n St

reet

57

57

14

BENTON MUNICIPAL

AIRPORT

FRANKLIN COUNTY

FRANKLIN COUNTY

FRANKLIN COUNTY

Rend Lake PLaza

®

CHICAGO

13,200 DAILY

34,8

00 D

AIL

Y

HARdEE’S | 4

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

income & expense

PRICE $965,000 Price Per Square Foot: $394.20

Capitalization Rate: 6.00%

Total Rentable Area (SF): 2,448

Lot Size (AC): 0.54

STABILIZED INCOME Per Square FootScheduled Rent $8.32 $20,363

Percentage Rent* $15.34 $37,546

Effective Gross Income $23.66 $57,908

LESS Per Square FootTaxes NNN $0.00

Insurance NNN $0.00

Total Operating Expenses NNN $0.00

EQUALS NET OPERATING INCOME $57,908

*Based on the average percentage rent paid over the previous 3 years.

Percentage Rent Summary:

[ across from subject property ]

2013 $33,4102014 $35,8652015 $43,362

HARdEE’S | 5

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

rent roll

TENANT INFO LEASE TERMS RENT SUMMARY

Tenant Name Sq. Ft. Term Current Rent

Monthly Rent

Yearly Rent

Monthly Rent/FT

Yearly Rent/FT

Percentage Rent Breakpoint

Hardee’s 2,448 08/01/73 06/30/23 $20,363 $1,697 $20,363 $0.69 $8.32 $407,251

07/01/23 06/30/28 $3,333 $40,000 $1.36 $16.34 $800,000

Option 1 07/01/28 06/30/33 $3,667 $44,000 $1.50 $17.97 $880,000

Option 2 07/01/33 06/30/38 $4,033 $48,400 $1.65 $19.77 $968,000

Option 3 07/01/38 06/30/43 $4,437 $53,240 $1.81 $21.75 $1,065,000

Option 4 07/01/43 06/30/48 $4,880 $58,564 $1.99 $23.92 $1,171,000

Option 5 07/01/48 06/30/53 $5,368 $64,420 $2.19 $26.32 $1,288,000

Totals: 2,448 $20,363 $1,697 $20,363 $0.69 $8.32

Percentage rent is equal to the amount by which 5% of gross sales exceeds minimum rent. Breakpoint at $407,251: Landlord collects 5% of sales in excess of natural breakpoint. Tenant’s fiscal year ends in June and percentage rent is paid and due 90 days thereafter.

[ surrounding retail ]

HARdEE’S | 6

site plan 13

,200

DA

ILY

*For illustrative purposes only. Please consult survey/plot map to verify

W W

ashi

ngto

n St

reet

W M

ain

Stre

et14

PoLe SIgn

PoLe SIgn

This site plan is a rendering that has been created based on sources we believe to be reliable, however we make no representations or warranties, expressed or implied, as to the accuracy of the rendering. Buyer must verify the information and bears all risk for any inaccuracies. HARdEE’S | 7

haRdee’S

Hardee’s Restaurants LLC, is an American fast-food restaurant chain, operating in the Southern and Midwestern U.S. Since opening in Greenville, NC in 1960, the chain has been best known for their biscuits, that are made from scratch, and charbroiled 100% Black Angus Beef Thickburgers. The company has evolved through several corporate ownerships and is now owned and operated by CKE Restaurants, the parent company of Carl’s Jr., which aligned the menus, logos and advertising of the two brands.

CKE Restaurants, Inc., through its subsidiaries, currently has 3,500+ franchised or company operated restaurants in 42 states and in 33 countries, 1,771+ of which are Hardee’s restaurants. For 2016, CKE has a pipeline of over 500 development commitments and plans to open 100 new international restaurants. In 2015, Hardee’s ranked #17 on Entrepreneur’s Franchise 500 List.

www.hardees.com

LoCatIonS 1,771

totaL SaLeS$2.15 Billion

Fiscal 2014

tenant overview

HARdEE’S | 8

Benton, IL oveRvIeW Benton had a 2010 population of over 7,000 and is the seat of Franklin County, which had a 2010 population of nearly 40,000.

The small, mining town of Benton is also part of the Metro Lakeland, that refers to an area of southern Illinois that is centered on the intersections of I-57, I-24, and Illinois Route 13. Metro Lakeland has a combined population of approximately 210,000.

POPULATION

2015 HOUsEHOLD INCOMEs

BENTON

toP eMPLoyeRS In FRankLIn County

location & demographics

Employer # of Employees*Crowline Boats Inc. 600

Bombardier of America 380

Franklin-Williamson Human Services 300

Benton School district 215

*Approximate

1-Mile 3-Mile 5-Mile

2010 4,651 9,311 10,6732015 4,487 9,084 10,4912020 4,400 8,992 10,414

1-Mile 3-Mile 5-Mile

Average $42,022 $45,293 $46,457Median $32,556 $34,736 $35,367

13,200 DAILY

34,8

00 D

AIL

YHARdEE’S | 9

sUBjECT PROPERTY Is LOCATED BETwEEN

PIzzA HUT & ARBY’s AND IN CLOsE

PROxIMITY TO CVs, AUTOzONE, O’REILLY &

PHILLIPs 66 sERVICE sTATION

surrounding retail

HARdEE’S | 10

A unique HUMANRESULTS-DRIVEN client experience

the CaPItaL PaCIFIC exPeRIenCe - ouR daILy CoMMItMent to ouR CLIentS

[ www.CapitalPacific.com ]

[ Copyright © 2016 Capital Pacific ]

RICk SanneR

dave LuCaS

zandy SMIth

BoB SanneR

john andReInI joe CaCCaMo

gRegg SteeLe

kaRLa zenS

ChRIS koStaneCkIck@capitalpacific.com | (415) 274-2701CA BRE# 01002010

zeB RIPPLezripple@capitalpacific.com | (415) 274-2702CA BRE# 01242540

ChRIS PeteRScpeters@capitalpacific.com | (415) 274-2703CA BRE# 01339983

jaCk navaRRajnavarra@capitalpacific.com | (415) 274-2705CA BRE# 01909630

In conjunction with IL Licensed Broker:Keeler Real Estate, LLC | (312) 263-1010

Capital Pacific collaborates. Click Here to meet the rest of our San Francisco team.