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19128238
19130484

1701 West Springfield Avenue, Champaign, IL 61821

JS
CA 02005665
Sands Investment Group Los Angeles
MF
TX TX 644481, CA CA 01875150 (+1)
Sands Investment Group
MG
TX TX Lic. # 632798, TX
Sands Investment Group
Listed by Sands Investment Group Los Angeles, Sands Investment Group
$2,029,230
513 days on market
Updated 41 days ago

Take 5 - Champaign, IL

Details
Property Type Retail
Sub Type Auto Shop
Square Footage 1,372
Cap Rate 6.5%
NOI $131,900
Occupancy 100%
Tenancy Single
Brand/Tenant Take 5
Lease Type NNN
Lease Term 15
Lease Expiration 08/31/2039
Remaining Term 13.2
Rent Bumps Yes
Lease Options 8 x 5 Year Options
Price per SqFt $1,479
Year Built 2024
Acreage 0.980
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 08/31/2024

Take 5 | Long-Term NNN | 2024 Construction | Strong Retail Corridor With Great Visibility

Marketing description

Sands Investment Group is Pleased to Exclusively Offer For Sale the 1,372 SF Take 5 Located at 1701 West Springfield Avenue in Champaign, IL. This Deal Includes a Long-Term Triple Net (NNN) Lease With Zero Landlord Responsibilities. This Site is Strategically Located off of West Springfield Avenue and South Mattis Avenue, With Great Visibility and Over 25,000 VPD, Providing For a Secured Investment.

LEARN MORE HERE

Investment highlights

  • This Site is Strategically Located Off of West Springfield Avenue and South Mattis Avenue With Great Visibility Seeing Over 25,000 VPD

  • Brand New 2024 Construction and a Long-Term Triple Net (NNN) Lease With Zero Landlord Responsibilities

  • Quality Real Estate - Surrounded By Strong Retailers Such As: 7 Brew, Jersey Mike's Subs, Starbucks, Arby's, Smoothie King, Walgreens, FedEx, Adjacent to a Big Lots Anchored Center and More

  • Located in an Area With a High Single Family Home Density Featuring Over 98,000 People Within a 3-Mile Radius

  • People Have Continued to Discover the Benefits of Living and Working in the Greater Champaign County Area, While Visitors and Tourists Contributed to the Economic Growth, Spending Over $448.7 Million at Hotels, Restaurants, Shops and More

  • Champaign, IL is Home to University of Illinois Urbana-Champaign, Which Has a Student Population Around 36,000

  • The Site is Located Only 8 Minutes From the Main Campus and is Home to the State Farm Center That Holds Over 17,000 People

Listing Contacts

JS
CA 02005665
Sands Investment Group Los Angeles
MF
TX TX 644481, CA CA 01875150 (+1)
Sands Investment Group
MG
TX TX Lic. # 632798, TX
Sands Investment Group
Listed by Sands Investment Group Los Angeles, Sands Investment Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$131,900.00
$10,991.67/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

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Additional Information

Name
Andrew Ackerman
License
IL #471021429
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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