507 Town Ctr Blvd Champaign, IL 61822-1248

This exceptional Class A, 21,152 square foot shopping center in Champaign, IL, presents a compelling investment opportunity. Boasting an 8.0% cap rate and a $5,475,000 asking price, the property enjoys a prime location directly across from a high-traffic Menards, attracting over 1.4 million annual visitors. The center is 100% occupied by eight tenants, featuring a diverse mix of e-commerce resistant businesses, with a weighted average lease term exceeding four years. The largest tenant recently signed a seven-year renewal. The property benefits from strong rent bumps and a stable NOI of $437,800. Built in 2007, this single-story building features a low-maintenance brick exterior and energy-efficient LED lighting. A significant value-add opportunity exists with an included 41,000 square foot developable pad site, offering potential for expansion or separate sale. The property's strategic location is further enhanced by its proximity to a top-performing regional mall and other major retailers, including Walmart, Target, and Meijer. This multi-tenant retail investment offers a compelling combination of strong current performance and future growth potential. The property is offered as a fee simple interest on a 3.31-acre site. NNN lease structure.