409 Town Center Blvd Champaign, IL 61822

This exceptional retail investment opportunity presents a newly constructed (2022), 9,020 square foot multi-tenant building situated on a 0.79-acre lot in Champaign, Illinois (APN: 41-20-01-126-047). The property boasts four inline units, including two drive-thru suites, with unit sizes starting at 2,240 square feet. Currently, the building has one signed lease, with an occupancy rate of 25%, generating a pro-forma NOI of $180,000 and a pro-forma cap rate of 5.81%. The asking price is $3,100,000, representing a price per square foot of $343.68. The property benefits from a highly desirable location, just west of a new Costco and surrounded by major retailers such as Menards, Target, Macy's, Dick's Sporting Goods, Sam's Club, Meijer, Aldi, Walmart Supercenter, Ashley Furniture, Kohl's, PetSmart, and Hobby Lobby. The property features ample parking with 68 spaces on-site. The building is zoned CG - Commercial General and has a remaining lease term of 3 years under a NNN lease structure. High traffic counts are reported on nearby roads: W. Town Center Blvd. (8,500 CPD), N. Neil St. (10,000 CPD), and N. Prospect Ave. (15,000 CPD). The property is currently configured as a convenience store, pharmacy/drug store, and QSR/fast food establishment.