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409 Town Center Blvd Champaign, IL 61822

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For Sale
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High-yield retail investment, NNN lease.

Property size:
9,020 SF

Property Features for 409 Town Center Blvd

General Information

Property type
Drug stores
Square Feet
9,020 SF
Lot Size
34,412 SF

Building Details

Year Built
2022

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Listing Contact
Jay Sikorski
Jay Sikorski

Listing Agent: Jay Sikorski

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

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Property Insight Report

Overview

This exceptional retail investment opportunity presents a newly constructed (2022), 9,020 square foot multi-tenant building situated on a 0.79-acre lot in Champaign, Illinois (APN: 41-20-01-126-047). The property boasts four inline units, including two drive-thru suites, with unit sizes starting at 2,240 square feet. Currently, the building has one signed lease, with an occupancy rate of 25%, generating a pro-forma NOI of $180,000 and a pro-forma cap rate of 5.81%. The asking price is $3,100,000, representing a price per square foot of $343.68. The property benefits from a highly desirable location, just west of a new Costco and surrounded by major retailers such as Menards, Target, Macy's, Dick's Sporting Goods, Sam's Club, Meijer, Aldi, Walmart Supercenter, Ashley Furniture, Kohl's, PetSmart, and Hobby Lobby. The property features ample parking with 68 spaces on-site. The building is zoned CG - Commercial General and has a remaining lease term of 3 years under a NNN lease structure. High traffic counts are reported on nearby roads: W. Town Center Blvd. (8,500 CPD), N. Neil St. (10,000 CPD), and N. Prospect Ave. (15,000 CPD). The property is currently configured as a convenience store, pharmacy/drug store, and QSR/fast food establishment.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Royal Nail Spa Nail Salon

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Champaign
County
Champaign
State
Illinois
Longitude
-88.2495289
Latitude
40.1413278

FAQs

What type of property is this?
Drug store - High-yield retail investment, NNN lease.
Where is this drug store located?
The property is located at 409 Town Center Blvd Champaign, IL.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: $3,100,000 asking price for a 9,020 square foot retail property.; NNN lease, multi-tenant, with a remaining lease term of 3 years.; 6.00% cap rate, 5.81% pro-forma cap rate, and a current occupancy of 25%.
(217) 352-7712 Call to check price and availability
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