Two-Tenant NNN Retail
For Sale
Contact for pricing
Pending
3655 N Vermilion St, Danville, IL 61832
Freestanding investment property leased to T-Mobile and Jersey Mike’s under newly executed long-term agreements.
Property SizeContact for details
Days on Market142
Property Features for 3655 N Vermilion St
General Information
Standard status
Pending
Property subtype
Retail
Occupancy
100%
Site & Location
Corner Location
Yes
Anchor Co-Tenants
Meijer, Kohl's, TJ Maxx, Tractor Supply
Traffic Count
25,200 vehicles/day
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed By:
Matthew Mousavi · License #CA 01732226
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 12:23PM
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 SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This freestanding, two-tenant NNN property is a new-construction investment occupied by T-Mobile and Jersey Mike’s. Both tenants have executed new 10-year leases, each with three five-year extension options. Contractual rent increases of approximately 10% occur every five years during the initial term and at the start of each option period. Tenants also reimburse their pro rata shares of common area maintenance, taxes, and insurance.
The property serves as an outparcel to a Meijer-anchored shopping center at the signalized intersection of N. Vermilion St. and Boiling Springs Rd. The surrounding center includes Kohl’s, TJ Maxx, and Tractor Supply, while nearby national retailers include 24-Hour Walmart Supercenter, Lowe’s Home Improvement, Ross Dress for Less, and Burlington. The five-mile trade area includes more than 31,700 residents and nearly 16,800 employees, with average household income within one mile exceeding $84,000.
The property serves as an outparcel to a Meijer-anchored shopping center at the signalized intersection of N. Vermilion St. and Boiling Springs Rd. The surrounding center includes Kohl’s, TJ Maxx, and Tractor Supply, while nearby national retailers include 24-Hour Walmart Supercenter, Lowe’s Home Improvement, Ross Dress for Less, and Burlington. The five-mile trade area includes more than 31,700 residents and nearly 16,800 employees, with average household income within one mile exceeding $84,000.
Key Highlights
- Two‑tenant, new‑construction freestanding property occupied by T‑Mobile and Jersey Mike’s
- New 10‑year leases with 3 (5‑year) extension options for both tenants
- Approximately 10% rental increases every 5 years during the initial term and option periods
Property Analytics
Property Profile
Current Use
Lease Details
25,200 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
215
Businesses Nearby
Explore this area
Business Placement
Demographics for 61832, IL
32,878
Population
16,390
Households
2
Avg Household Size
40
Median Age
17%
College-Educated
90%
High-School Grad
27.3 sq mi
ZIP Area
1,204
Density / Sq Mi
$45,264
Median Household Income
$37,288
Median Earnings
$805
Median Rent
$78,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Freestanding investment property leased to T-Mobile and Jersey Mike’s under newly executed long-term agreements.
Where is this nnn property located?
The property is located at 3655 N Vermilion St Danville, IL.
What are key features of this property?
This property features: Two‑tenant, new‑construction freestanding property occupied by T‑Mobile and Jersey Mike’s; New 10‑year leases with 3 (5‑year) extension options for both tenants; Approximately 10% rental increases every 5 years during the initial term and option periods
