312 Kirby AveChampaign, IL 61820

Property Details for 312 Kirby Ave

Property type

Retail properties

Property subtype

Retail space

APN

432013456001

APU

432013456001

Description

This fee-simple investment opportunity presents a 15,486 square-foot medical office building in Champaign, Illinois, currently 100% occupied by CSL Plasma under a triple-net (NNN) lease. The lease, commencing August 1, 2019, and expiring August 1, 2034, has approximately 9.7 years remaining, with two five-year renewal options. The property boasts a 6.75% cap rate and a net operating income (NOI) of $235,967. The lease includes 10% rental increases every five years, providing built-in growth and inflation protection. The corporate guarantee from CSL Plasma, a leader in plasma collection, mitigates risk. Situated on a 1.34-acre lot with 77 parking spaces, the building is located at a signalized intersection with high visibility and daily traffic exceeding 22,000 vehicles. The property benefits from its proximity to major shopping centers, Interstate access (I-57, 72, and 74), and the University of Illinois Urbana-Champaign. The strong demographics of the 5-mile trade area, including over 151,400 residents and 92,500 daytime employees, further enhance the investment potential. The property's zoning is commercial, and it was built in 2019. An on-site billboard provides additional income. The asking price is $3,496,000, translating to $225.75 per square foot. The property includes a land and building ownership (Fee Simple).

Location Insight

City

Champaign

County

Champaign

State

Illinois

Latitude

40.0985

Longitude

-88.2477

CBSA code

16580

CBSA name

CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.