1703 W Springfield Ave Champaign, IL 61821

This property features a brand new 2024 construction with a long-term 15-year ground lease. The absolute NNN ground lease structure includes zero landlord responsibility. It is expertly situated on a major thoroughfare with over 20,000 vehicles per day, benefiting from busy morning commuter traffic. The location is in a dense infill market with 98,858 residents within a 3-mile radius. It is less than 3 miles from the University of Illinois, the largest university in the state with over 66,000 students and faculty, and within walking distance of Centennial High, Jefferson Middle, and Westview Elementary School, which have a combined population of over 2,800 students and faculty. The property offers convenient access with multiple points of entry from West Springfield Avenue and West Healey Street. The operator, Brew Horizons, is an experienced and best-in-class operator and one of the largest franchisees in the 7-Brew system. The property benefits from great retail synergy with nearby tenants, including Walgreens, Big Lots, CVS, Starbucks, Take 5 Oil, Texas Roadhouse, FedEx, Circle K, Dunkin’, Wienerschnitzel, Papa Johns, Jimmy John’s, Chase Bank, AT&T, and Taco Bell. The property size is 510 square feet.