1400 Charleston Ave, Mattoon, IL 61938

INVESTMENT GRADE TENANT SALE LEASEBACK

At the time of closing, the Seller will sign a brand-new seven-year gross lease for approximately 5,850 SF of ground floor and lower level space. The Seller is a publicly traded company on the New York Stock Exchange and carries an S&P A+ credit rating.

UPSIDE OPPORTUNITY | LEASE UP REMAINING OFFICE SPACE

An investor has the opportunity to lease up the remaining space at the subject property; comprised of 6,650 SF on the main level and 12,500 SF of second floor space. The offering is located at the lighted intersection of Charleston Avenue and South 14th Street, which sees 17,800 VPD. Additionally, the offering includes ample parking with 75 surface level spaces. An investor can enjoy surety of income from the S&P A+ rated tenant with the opportunity to further enhance returns by bringing the subject offering to full occupancy through the lease up of the remaining retail and office space.

LOW REAL ESTATE TAXES | COLES COUNTY LOCATION

The subject offering is benefits from the low property taxes of Coles County, where average taxes are less than 1/3 that of counites near Chicago such as Lake, McHenry, and Cook. Actual 2023 Payable 2024 taxes at the subject property totaled $2.50 per square foot of building area, approximately $5.00 per square foot lower than the Chicago real estate tax average.

“MAIN” STREET LOCATION | PROXIMITY TO AMTRAK & INTERSTATE SYSTEM

The subject offering is located along Charleston Avenue, which is Mattoon’s Main Street and the most travelled interior roadway in the city with traffic counts over 14,500 vehicles per day. Charleston Avenue provides access to Interstate 57, a major artery for the state of Illinois, less than three miles east of the subject property. Running along the east side of the state, I-57 caters to 22,000 VPD at the Mattoon exit and connects the subject to major markets Champaign and Chicago to the north. The Amtrak Mattoon Stop (MAT) is located just northwest of the subject property and is a scheduled stop for Amtrak’s New Orleans route. The station saw 28,000 passengers in FY 2023, an increase of 27% over the previous year.

NEW COMMERCIAL DEVELOPMENT | $60 MILLION SPORTS COMPLEX

Mattoon has been the recipient of several commercial developments over the last few years including Emerald Acres Sports Connection, a $100 million, 150-acre sports complex recently opened just two miles east of the subject offering. The complex has drawn several national retailers to Mattoon, Five Below, Chik-Fil-A, Chipotle, Panda Express, Michaels, and Famous Footwear, each of which opened in 2024. These new developments will continue to improve visitor traffic to Mattoon and are expected to generate over $23.8 million in direct spending.