Real Estate For Sale in...
 

316 S Main St., Paris, IL 61944

$350,000
Commercial Property MLS# 3YD-RFGCB-5FGLTP ID: 44733514
$350,000 Get Rates

Retail, Retail – Free Standing - Paris, IL
Subject property was originally a build to suite for Hardee’s corporate in 1973 with an original 20 year lease and 4 – 5 Year options. Currently Hardee’s has 1 year left on their current lease term and one remaining 5 Year option. Hardee’s currently pays $22,000 per year Absolute NNN plus a percentage rent of 2.5% of sales in excess of $300,000 and 1% of sales in excess of $500,000. Hardee’s has made recent updates to the building. Total rent has increased has increased over the years. Hardee’s Food Systems, Inc. operates and franchises quick-service restaurants in the United States and internationally. It offers breakfast products, such as sides and drinks, biscuits, and others; burgers; sandwiches and hand-breaded chicken; sides, including French fries, crispy curls, onion rings, side salads, and BBQ and dipping sauces; desserts that include chocolate chip cookies and apple turnovers; beverages comprising soft drinks, shakes and malts, and others; and burritos, tacos, condiments, and other items. Hardee’s Food Systems, Inc. was formerly known as Hardee’s Drive-Ins, Inc. and changed its name to Hardee’s Food Systems, Inc. in May, 1961. The company was founded in 1960 and is based in St. Louis, Missouri. Hardee’s Food Systems, Inc. operates as a subsidiary of CKE Restaurants, Inc. In April 1997, CKE Restaurants Holdings, Inc., the parent company of Carl’s Jr., paid $327 million to Montreal-based Imasco Limited for Hardee’s.[3] The merger created a chain of 3,828 restaurants – 3,152 Hardee’s outlets in 40 states and 10 foreign countries and 676 Carl’s Jr. outlets, primarily in California. CKE Restaurants, Inc. owns, operates and franchises some of the most popular brands in the quick-service restaurant industry, including the Carl’s Jr.®, Hardee’s®,Green Burrito® and Red Burrito® restaurant brands. The CKE system includes more than 3,300 restaurant locations in 42 states and in 28 countries. CKE is headquartered in Carpinteria, California.

Back To Top
Location Information near 316 S Main St.
Offered by Arthur Thoma at Coldwell Banker Commercial Devonshire Realty

Would you like more information regarding this property?
Please call (217) 352-7712.

Mortgage Calculator
(% per year)
(in years)
 
(estimated)

*May not reflect current interest rates and is intended for educational/information purposes only. All figures are hypothetical and should not be relied upon in any way.

$$$

Compare current mortgage rates

Property Features for 316 S Main St.
Status
Market Status
Available
Last Updated
September 24, 2017
Description
Property Type
Commercial Property
Approx. Lot Size
22,921 Acres
Sq. Feet
4,575

Legal/Financial

  • Taxes: 6474

Listing Features

  • Property Type: Commercial; Retail
  • Arthur Thoma
  • Coldwell Banker Commercial Devonshire Realty

Data Provided by:
Coldwell Banker

Foreclosure, Auction & Bank Owned Listings
Save on your next home purchase. Search forclosure listings in Paris
Go
New Home Listings From Top Home Builders
Search new home communities and view new homes for sale
Go
Back To Top

Advertisements

More information about this $350,000 Commercial Property at 316 S Main St.

This $350,000 Commercial Property at 316 S Main St. in Paris, IL is presented by Arthur Thoma. This $350,000 Commercial Property, located in the 61944 zip code, has the following property features: Property Type, Taxes. This 316 S Main St. Commercial Property, located in Edgar County , is listed under MLS listing number 3YD-RFGCB-5FGLTP and has a listing price of $350,000. You can find more PARIS homes for sale here.