New Construction NNN Ground Lease

1703 W Springfield Ave, Champaign, IL

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For Sale

Contact for pricing

New 2024 construction with a long-term 15-year ground lease.

Type:LAND

Property size:

510 SF

Lot size:

0.98 Acres

Price / SF:

$3,016/SF

HighLights

Brand new 2024 construction with a long‑term 15 year ground lease
Absolute NNN ground lease structure with zero landlord responsibility
Expertly situated on major thoroughfare, which sees over 20,000 VPD and benefits from busy morning commuter traffic
Dense infill market with 98,858 residents living within a 3‑mile radius of the property
Less than 3‑miles from The University of Illinois, the largest university in the state with over 66,000 students and faculty
7‑Brew was recognized as QSR Magazines “Breakout Brand of 2023”

We can help!

Listing Contact

Max Freedman

For Sale

Contact for pricing

New 2024 construction with a long-term 15-year ground lease.

Type:LAND

Property size:

510 SF

Lot size:

0.98 Acres

Price / SF:

$3,016/SF

Added:: Nov 9, 2024
Days on Market:: 584
Last Refresh:: May 20 at 8:59 pm

Property Features for 1703 W Springfield Ave

General Information

Standard status: Active
Size: 510 SF
Lot size: 0.98 Acres
Property subtype: LAND

We can help!

Listing Contact

Max Freedman

Listing agent Max Freedman License #TX 644481

Listing office Sands Investment Group (SIG) | Fort Lauderdale

Listing date Nov 9, 2024

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Sands Investment Group (SIG) | Fort Lauderdale

HighLights

Brand new 2024 construction with a long‑term 15 year ground lease
Absolute NNN ground lease structure with zero landlord responsibility
Expertly situated on major thoroughfare, which sees over 20,000 VPD and benefits from busy morning commuter traffic
Dense infill market with 98,858 residents living within a 3‑mile radius of the property
Less than 3‑miles from The University of Illinois, the largest university in the state with over 66,000 students and faculty
7‑Brew was recognized as QSR Magazines “Breakout Brand of 2023”

Overview

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.

Property Profile Location Intelligence

Current Use by Public Records

Page Two Medical Clinic 7 Brew Coffee Cafe & Coffee Shop

Suggested Use

Similar Places Nearby

Thorntons — 101 S Mattis Ave, Champaign, IL 61821
7 Brew Coffee — 1703 W Springfield Ave, Champaign, IL 61821
Starbucks — 1712 W Springfield Ave, Champaign, IL 61821

Location Insight

Map
Local Demand

City: Champaign
County: Champaign
State: Illinois
Longitude: -88.2758
Latitude: 40.1124

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For sale
Coffee shops
IL
Champaign
1703 W Springfield Ave

What type of property is this?

Coffee shop - New 2024 construction with a long-term 15-year ground lease.

Where is this coffee shop located?

The property is located at 1703 W Springfield Ave Champaign, IL.

What is the asking price?

The asking price for this property is $1,538,462.

What are key features of this property?

This property features: Brand new 2024 construction with a long‑term 15 year ground lease; Absolute NNN ground lease structure with zero landlord responsibility; Expertly situated on major thoroughfare, which sees over 20,000 VPD and benefits from busy morning commuter traffic

1703 W Springfield Ave, Champaign, IL

New 2024 construction with a long-term 15-year ground lease.

Property Features for 1703 W Springfield Ave

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Commercial Building with Established Tenants

Retail-Office Building with Overhead Door

Downtown Champaign Mixed-Use Building

Champaign Commercial Building For Sale

Commercial Property with Residential Home

Four-Unit Residential Income Building

Champaign Multifamily Property For Sale

Bi-Level Retail Facility For Sale

Freestanding Retail/Office Building for Lease

Retail Service and Office Building

Champaign Multifamily Building For Sale

All-Brick Duplex in Champaign, IL

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