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101 Baldridge Rd
Salem, IL 62881

$1,807,852 USD

Fast Food For Sale  •  5,075 SF

Property Details

  • Property Type Fast Food
  • Total Building Size 5,075 SF
  • Lot Size 1.11 AC
  • Building Class B
  • Year Built 2000
  • Cap Rate 6.75 %
  • Tenancy Single
  • Zoning CG
0 Transit Score
27 Walk Score

Highlights

A premier franchise operator managing over 400 restaurants across top-tier brands, including KFC, Pizza Hut, Burger King, Dunkin', and Taco Bell.
The lease features 1.5% annual rental increases throughout the initial term, and in the option periods, steadily increasing NOI.
With over 15,000 vehicles daily passing the store, this KFC benefits from excellent visibility and accessibility, positioned near I-57.
This KFC is surrounded by a mix of national and regional retailers, including Walmart, Dollar General, and McDonald's.
The Salem area boasts a population of over 14,000 residents within a 5-mile radius, with an average household income exceeding $87,000.
The property is located near Salem Township Hospital, Kaskaskia College, Salem Education Center, and other key employers.
Cap Rate: 6.75 %

Major Tenants

Tenant SF Occupied Lease End Date
KFC 5,075 SF 5/14/2044

Amenities

  • Drive Thru

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 44
Type: Surface
Included in Rent: Yes
Tyler McGarry 310-558-2029 Sands Investment Group Santa Monica, LLC
Tyler McGarry 310-558-2029 Sands Investment Group Santa Monica, LLC