1903 Convenience Pl Champaign, IL 61820
- Turn key restaurants
Current Use by Public Records
- Panera Bread / Breakfast Restaurant / Cafe
Property Details for 1903 Convenience Pl
- Property type
- Turn key restaurants
- APN
- 412001227003
- APU
- 412001227003
Description
This exceptional investment opportunity presents a 4,980 square foot free-standing commercial building situated on a 1.24-acre lot at 1903 Convenience Place, Champaign, Illinois. The property is currently occupied by a Panera Bread franchise under a long-term lease, providing significant and stable income generation. The original lease commenced on August 29, 2005, and has a substantial remaining term, expiring on December 31, 2033. This provides a considerable period of predictable cash flow for the investor. The current annual rent is $204,938, with a built-in 10% rent increase scheduled after the fifth year of the lease, ensuring future growth in rental income. This established Panera Bread location benefits from its prominent position in a high-traffic area of Champaign, attracting a consistent flow of customers. The property's size and location make it an ideal investment for those seeking a secure, long-term, high-yield commercial real estate asset. The property's strong tenant history and the length of the remaining lease term offer significant financial stability and potential for appreciation. Detailed financial information, including the operating statement, is available upon request. This is a rare opportunity to acquire a well-established, income-producing property in a desirable location. Don't miss out on this exceptional investment prospect.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Champaign
- County
- Champaign
- State
- Illinois
- Longitude
- -88.2431
- Latitude
- 40.1385
- CBSA code
- 16580
- CBSA name
- CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA
