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702 W MARKETVIEW DR Champaign IL 61822-1214

[Locked] • APN 412001151022

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Details
Property Type General
Lot SqFt 21,338
Acreage ******
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code CG
Building Count 1
Opportunity Zone No
Lease Rate ******
Lease Type ******
Lease Term ******
Remaining Term ******
Lease Expiration ******
Mortgage Amount ******
Mortgage Term ******

Property History

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Sale Date
******
Sold Price
******
Buyer Borrower 1 Middle Initial
******
Buyer Borrower 1 Name
******
Buyer Borrower 1 Ownership Rights Code
******
Document Number
******
Document Type
******
Resale Flag
******
Sales Price Code
******
Seller 1 Corp Indicator
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Transaction Type
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Seller 1 Name
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Sold By
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Sold To
******
Property Type
Property Type
Retail
Property Subtype
Storefront
Marketing Description
Long-term corporately guaranteed Sherwin-Williams available for sale. The subject property is located on a major thoroughfare in the thriving city of Champaign, IL. Sherwin-Williams has been operating at this site since 2012 and has great faith in the site, showing its commitment by restructuring the lease to have 10 years.


The property consists of a 4884 SF freestanding building on a 1-acre lot. The lease features multiple renewal options. The site also has bonus income from billboard rent.

Investment Highlights
  • High Retail Area – Pad Site to Lowe’s
  • The Parking Lot was Recently Seal Coated in 2020
  • Minimal Landlord Responsibilities – Roof/Structure/Parking Lot
  • Attractive 10% Rental Increases in each of the Option Periods
  • 3% of rental income comes from a billboard w/ upside potential

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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Contacts

Listing removed on
 BY:
CH
Cole Howard
•••.•••.6178
Cole@•••••••.com
Brokerage logo

Map

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