Leased Distribution Center on
For Sale
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2406 N Lincoln Ave, Urbana, IL 61802
Investment-grade distribution center leased on an absolute NNN basis to Supervalu, Inc.
Property Size884,366 SF
Days on Market121
Property Features for 2406 N Lincoln Ave
General Information
Standard status
Active
Size
884,366 SF
Property subtype
Industrial
Building Details
Tenancy
Single
Listing Agency:
Thomas Company
Listed By:
Jeffrey Thomas · License #WA 116180
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 11:51PM
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 Thomas Company
Investment Insights
Based on property information with market context.
Thomas Company presents an investment-grade, 884,366-square-foot distribution center for sale at 2406 N Lincoln Ave in Urbana, Illinois. The property is leased for a 20-year term on an absolute NNN basis to Supervalu, Inc., whose recent merger created a combined company with United Natural Foods (NASDAQ: UNFI).
The lease commenced in May 2018 and includes attractive rent increases throughout the term. The offering is structured for long-term income with tenant obligations reflected under the absolute NNN framework.
The lease commenced in May 2018 and includes attractive rent increases throughout the term. The offering is structured for long-term income with tenant obligations reflected under the absolute NNN framework.
Key Highlights
- 884,366 SF distribution center in Urbana, Illinois
- Leased for 20 years on an absolute NNN basis
- Tenant: Supervalu, Inc, recently merged with United Natural Foods (NASDAQ: UNFI)
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
251
Businesses Nearby
Explore this area
Business Placement
Demographics for 61802, IL
19,460
Population
10,066
Households
1.9
Avg Household Size
39
Median Age
38%
College-Educated
92%
High-School Grad
82.1 sq mi
ZIP Area
237
Density / Sq Mi
$58,588
Median Household Income
$40,600
Median Earnings
$996
Median Rent
$158,300
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Distribution center - Investment-grade distribution center leased on an absolute NNN basis to Supervalu, Inc.
Where is this distribution center located?
The property is located at 2406 N Lincoln Ave Urbana, IL.
What are key features of this property?
This property features: 884,366 SF distribution center in Urbana, Illinois; Leased for 20 years on an absolute NNN basis; Tenant: Supervalu, Inc, recently merged with United Natural Foods (NASDAQ: UNFI)
