Drive-Through Restaurant
1903 Convenience Place Champaign, IL 61820
1903 Convenience Place, Champaign, IL, 61820
Contact for pricing
For Sale
Contact for pricing
Three Panera Bread locations offered with corporate-guaranteed NN lease terms through 2033 and scheduled rent increases.
Property Size15,186 SF
Price / SF$525.15
Days on Market55
Property Features for 1903 Convenience Place
General Information
- Standard status
- Active
- Size
- 15,186 SF
- Property subtype
- Retail
Listing agency
NX3 Commercial Group
Listed by
Evan Whelan · License #SL3102045
Source
Crexi
Added: May 28 Updated: Jul 10 at 1:50PM Checked: Jul 20 at 3:41AM
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 NX3 Commercial Group
Investment Insights
Based on property information with market context.
This offering presents a three-property Panera Bread portfolio with each location operating under a corporate-guaranteed double-net (NN) lease. Lease terms extend through December 31, 2033, and include built-in 10% rental increases every five years. The portfolio structure is designed to provide in-place income with limited landlord responsibility, with all properties having operated for more than two decades under Panera corporate assumptions.
The properties are positioned within retail corridors in Champaign, Peoria, and Springfield, Illinois. While specific corridor details are not provided, the remarks indicate each location is supported by regional drivers including major universities, healthcare systems, and government employment.
For investors seeking stabilized restaurant exposure, the key consideration here is the tenant guarantee and remaining lease term, supported by scheduled rent steps through the end of 2033. The portfolio has been presented as available either as a whole or purchased individually, allowing for flexible acquisition planning. Please note the offering terms are explicitly described as corporate-guaranteed NN with predictable rent increases every five years through the stated expiration date.
The properties are positioned within retail corridors in Champaign, Peoria, and Springfield, Illinois. While specific corridor details are not provided, the remarks indicate each location is supported by regional drivers including major universities, healthcare systems, and government employment.
For investors seeking stabilized restaurant exposure, the key consideration here is the tenant guarantee and remaining lease term, supported by scheduled rent steps through the end of 2033. The portfolio has been presented as available either as a whole or purchased individually, allowing for flexible acquisition planning. Please note the offering terms are explicitly described as corporate-guaranteed NN with predictable rent increases every five years through the stated expiration date.
Key Highlights
- Three‑property Panera Bread portfolio in Champaign, Peoria, and Springfield, Illinois
- Corporate‑guaranteed double‑net (NN) lease with terms extending through December 31, 2033
- Built‑in 10% rental increases every five years for scheduled NOI growth
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Panera Bread
Take-out & Catering
Similar For Sale Nearby
FAQs
What type of property is this?
Drive through restaurant - Three Panera Bread locations offered with corporate-guaranteed NN lease terms through 2033 and scheduled rent increases.
Where is this drive through restaurant located?
The property is located at 1903 Convenience Place Champaign, IL.
What is the asking price?
The asking price for this property is $7,975,000.
What are key features of this property?
This property features: Three‑property Panera Bread portfolio in Champaign, Peoria, and Springfield, Illinois; Corporate‑guaranteed double‑net (NN) lease with terms extending through December 31, 2033; Built‑in 10% rental increases every five years for scheduled NOI growth
