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63-65 E Marketview Dr
Champaign, IL 61820
Retail Property For Sale
Executive Summary
Situated less than two miles north of downtown Champaign, the subject property is located immediately off of I-74 (48,900 VPD) at the hard-corner, signalized intersection of North Neil Street (17,000 VPD) and East Marketview Drive (4,300 VPD).
Barnes & Noble: With an operating history of 30 years at this location, Barnes & Noble's net lease features a corporate guaranty from Barnes & Noble, Inc. and ±7.0 years of term remaining with a 4.35% rent increase in 2028.
Bob's Discount Furniture: Currently in the process of backfilling Bed, Bath & Beyond, Bob's Discount Furniture's net lease features 10 years of term (estimated opening: February 15, 2026) with an 8% rent increase in year 6 and 10% rent increases in each of the four, 5-year renewal options. The lease also boasts a corporate guaranty from BDF Acquisition Corporation.
Barnes & Noble: With an operating history of 30 years at this location, Barnes & Noble's net lease features a corporate guaranty from Barnes & Noble, Inc. and ±7.0 years of term remaining with a 4.35% rent increase in 2028.
Bob's Discount Furniture: Currently in the process of backfilling Bed, Bath & Beyond, Bob's Discount Furniture's net lease features 10 years of term (estimated opening: February 15, 2026) with an 8% rent increase in year 6 and 10% rent increases in each of the four, 5-year renewal options. The lease also boasts a corporate guaranty from BDF Acquisition Corporation.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
23,210 SF
Building Class
B
Year Built
1985
Price
$12,060,124 CAD
Price Per SF
$519.61 CAD
Cap Rate
7%
NOI
$844,209 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
4.51 AC
Parking
200 Spaces (8.62 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Number | 41-20-01-276-007 | Improvements Assessment | $1,601,174 CAD |
| Land Assessment | $660,305 CAD | Total Assessment | $2,261,479 CAD |
Property Taxes
Parcel Number
41-20-01-276-007
Land Assessment
$660,305 CAD
Improvements Assessment
$1,601,174 CAD
Total Assessment
$2,261,479 CAD
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