1204 Market St Champaign, IL 61820-2716

Property Details for 1204 Market St

Property type

Commercial real estate

APN

462106354020

APU

462106354020

Description

This exceptional investment opportunity presents a single-tenant, 9,233 square foot Dollar General store located at 1204 N Market St, Champaign, IL 61820. The property sits on a 0.6-acre lot with 20 parking spaces and benefits from a highly visible corner location. Currently operating under a new 10-year NNN lease (expiring 02/19/2034), the property generates a substantial net operating income (NOI) of $105,000 annually, representing a 7.50% cap rate on the asking price of $1,400,000. The building, constructed in 2009, is classified as Class C and is zoned CN (Commercial Neighborhood). The property's strategic location on a high-traffic intersection provides excellent visibility and accessibility. Its proximity to major retailers such as Home Depot, Costco, Best Buy, and Target further enhances its desirability and potential for long-term growth. The lease includes two additional renewal options, ensuring a stable and predictable income stream for years to come. This stabilized investment offers a compelling combination of strong tenant occupancy (100%), a favorable lease structure, and a prime location within a thriving retail corridor. The property's features include one single-story building and ample parking. The APN is 46-21-06-354-020. This is a turnkey investment opportunity ideal for those seeking a stable, high-performing asset in a desirable market.