Map of Property

Sonic Drive-In

111 W Lincoln Ave, Charleston, IL 61920

  • For Sale $2,702,000
  • Property Type Retail - Freestanding
  • Property Size 1,659 SF
  • Lot Size 0.6 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Single Tenant
  • Year Built 2024
  • Date Updated Oct 11, 2024
-A 20-year absolute NNN lease Sonic featuring 1.5% annual rental increases throughout the base term and options. Tenant is the 5th largest Sonic franchisee in the U.S. with 123 locations in LA, TX, IL, TN, AR, ID, OR, and WA. Illinois is one of their best performing markets and the company is continuing to acquire other franchisees within their existing footprint.

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Attachments

Highlights

  • 20-year absolute NNN lease featuring 1.5% annual rental increases throughout the base term and options
  • 2024 build-to-suit construction with drive-thru
  • Zero landlord expense or maintenance obligations making this a truly “hand-off” investment
  • Operator is a 123-unit franchisee operating on behalf of Sonic, Zaxby’s, and Take 5 Oil Change
  • Subject property features significant frontage and direct ingress/egress on W Lincoln Avenue – 20,124 VPD
  • Located less than 0.5 miles from Eastern Illinois University’s 320-acre campus – 8,850+ students
  • Unemployment rate only 3.2%, below 4% national average
  • Area retailers include McDonald’s, Starbucks, CVS, Walgreens, and dozens of other national retailers

Contacts

broker

John Andreini

CP Partners

Location

Getting Around

  • Walk Score ®

    80/100 Very Walkable

  • Bike Score ®

    65/100 Bikeable
Powered by Walk Score ®
  • City Charleston, IL
  • Zip Code 61920

Points of Interest

  • Marathon

    0.42 miles

  • Huck's

    0.88 miles

  • Casey's General Store

    1.14 miles

  • Murphy USA

    1.52 miles

  • Pacific 66

    7.87 miles

  • Citgo

    9.42 miles

  • Huck's Food & Fuel

    9.44 miles

  • BP

    9.86 miles

  • J Lot

    0.27 miles

  • E-Lot

    0.46 miles

  • EIU X-Lot - Visitor Parking

    0.57 miles

  • X-Lot

    0.57 miles

  • EIU X Lot

    0.58 miles

  • Eastern Illinois University

    0.61 miles

  • W-Lot

    0.64 miles

  • S-Lot

    0.81 miles

  • 9th St. Lot

    0.85 miles

  • P3

    4.49 miles

  • Pizza Hut

    0.04 miles

  • Little Caesars

    0.09 miles

  • McDonald's

    0.10 miles

  • McHugh's Double Drive-Thru

    0.15 miles

  • Taco Bell

    0.23 miles

  • Subway

    0.26 miles

  • Arby's

    0.32 miles

  • Jimmy John's

    0.34 miles

  • Bamca Mexican Grill

    0.38 miles

  • Marty's Bar

    0.39 miles

  • County Market

    0.23 miles

  • Walmart Supercenter

    1.51 miles

  • ALDI

    7.78 miles

  • Cross County Mall

    8.47 miles

  • JCPenney

    8.54 miles

  • Big Lots

    8.79 miles

Frequently Asked Questions

How much does Sonic Drive-In cost?

The space currently listed for sale at Sonic Drive-In asks for $2,702,000.

What is the total square footage of Sonic Drive-In?

Sonic Drive-In totals 1,659 square feet.

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Contact Listing Broker

broker

John Andreini

CP Partners