1713 W Springfield Ave | Champaign, IL 61821
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1713 W Springfield Ave
Champaign, IL 61821
Walgreens · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- NNN Walgreens Located at a Heavily Trafficked Signalized Intersection with 37,000+ Vehicles Per Day
- Walgreens Recently Extended Its Lease Which Features Nearly 13 Years and 5% Rent Increases to Hedge Against Inflation
- Highly Dense Area with Over 140,000 People Living Within a 5-Mile Radius and Nearly 4 Percent Growth Projected by 2026 Within a 3-Mile Radius
- Anchored by the University of Illinois Urbana-Champaign with Over 56,000 Enrolled Students and Generating $8.9 Billion in Economic Activity
- Active Retail Corridor Featuring Starbucks, Chase Bank, Burger King, Atco Bell, and Arby's, Among Many Others
- Corporately Guaranteed by Walgreens, the 18th Ranked Company on the Fortune 500 with an S&P Credit Rating of BBB
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
15,040 SF
Building Class
B
Year Built
1998
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.94 AC
Zoning
Commercial
Parking
55 Spaces (3.65 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $473,564 | |
| Land Assessment | $441,557 | Total Assessment | $915,121 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$441,557
Improvements Assessment
$473,564
Total Assessment
$915,121
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