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409 Town Center Blvd
Champaign, IL 61822
Investment - New Construction On Town Center · Retail Property For Sale
EXECUTIVE SUMMARY
GREAT INVESTMENT OPPORTUNITY!
New Construction with four inline units on Town Center offering with 2 drive-thru suites. Unit sizes start at 2,240 SF range. The space is in vanilla box and has plenty of parking with 68 spaces on site. One signed lease!
Traffic Counts:
W. Town Center Blvd. – 8,500 CPD
N. Neil St. – 10,000 CPD
N. Prospect Ave. – 15,000 CPD
Area Description
The subject property is located just west of the main entrance to new Costco. Major retailers in the area include Menards, Target, Macy’s, Dick’s Sporting Goods, Sam’s Club, Meijer, Aldi, Walmart Supercenter, Ashley Furniture, Kohl’s, PetSmart, Hobby Lobby, and many more.
New Construction with four inline units on Town Center offering with 2 drive-thru suites. Unit sizes start at 2,240 SF range. The space is in vanilla box and has plenty of parking with 68 spaces on site. One signed lease!
Traffic Counts:
W. Town Center Blvd. – 8,500 CPD
N. Neil St. – 10,000 CPD
N. Prospect Ave. – 15,000 CPD
Area Description
The subject property is located just west of the main entrance to new Costco. Major retailers in the area include Menards, Target, Macy’s, Dick’s Sporting Goods, Sam’s Club, Meijer, Aldi, Walmart Supercenter, Ashley Furniture, Kohl’s, PetSmart, Hobby Lobby, and many more.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Building in Shell Condition
Property Type
Retail
Property Subtype
Building Size
9,020 SF
Building Class
B
Year Built
2022
Price
$4,269,661 CAD
Price Per SF
$473.35 CAD
Cap Rate
5.81%
NOI
$247,916 CAD
Percent Leased
25%
Tenancy
Multiple
Building Height
1 Story
Zoning
CG - Commercial General
Parking
68 Spaces (7.54 Spaces per 1,000 SF Leased)
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