1701 Springfield Ave Champaign, IL 61821

This exceptional investment opportunity presents a 1,372 square foot Take 5 Oil Change franchise located at 1701 West Springfield Avenue, Champaign, IL 61821. The property, built in 2024, sits on a 0.98-acre lot and boasts a 100% occupancy rate with a 14.8-year remaining lease term (expiring 08/31/2039). The lease commenced on 08/31/2024 and is a triple-net (NNN) lease, meaning the tenant is responsible for all operating expenses, offering zero landlord responsibilities. The asking price is $2,029,230, representing a price per square foot of $1,479.03 and a 6.50% cap rate based on a net operating income (NOI) of $131,900. Rent increases are built into the lease with 7.5% bumps every five years. The property benefits from a prime location in a high-traffic retail corridor with over 25,000 vehicles per day, offering excellent visibility. Surrounding businesses include 7 Brew, Jersey Mike's Subs, Starbucks, Arby's, Smoothie King, Walgreens, FedEx, and a Big Lots anchored center. The area has a high single-family home density, with over 98,000 people within a 3-mile radius, further enhanced by the proximity to the University of Illinois Urbana-Champaign (approximately 36,000 students) and the State Farm Center (17,000+ capacity), located just 8 minutes away. This presents a secure, long-term investment with significant upside potential. The lease includes eight 5-year renewal options.