2406 N Lincoln Ave Urbana, IL 61802

Listing agency Thomas Company

Listed by Jeffrey Thomas · License #WA 116180

Source Crexi

Added: Apr 11 Updated: Jul 21 at 11:51PM Checked: Jul 21 at 11:51PM

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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.

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)

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FAQs

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)