3655 Vermilion StDanville, IL 61832

This exceptional investment opportunity presents a newly constructed, 3,850 square foot retail property in Danville, Illinois, boasting a 7.00% cap rate and a strong NOI of $141,025. The property is 100% leased to two national credit tenants: T-Mobile and Jersey Mike's, under 10-year NNN leases with scheduled rent increases. This ensures a stable and predictable income stream, hedged against inflation. The strategic location on U.S. Route 136/North Vermilion Street (20,000 AADT) provides high visibility and significant foot traffic, further enhanced by its proximity to major retailers like Walmart, Meijer, Lowe's, Tractor Supply Co., and Kohl's. The property benefits from its close proximity to OSF Sacred Heart Medical Center, Danville Area Community College, and several residential neighborhoods, creating a robust customer base. The area's growing economy and revitalization efforts, coupled with a projected 12% increase in average annual household income by 2029, promise continued growth and strong consumer spending potential. This asset offers a compelling combination of strong tenants, a prime location, and significant upside potential, making it an ideal addition to any investment portfolio. The property was built in 2023 and features a corporate guarantee for added security. Easy access to nearby metro areas like Champaign-Urbana and Vermilion Regional Airport further enhances its appeal. This is a 1031 exchange eligible property.