1703 W Springfield Ave - Restaurant FOR SALE
Champaign, IL 61821 |
$1,538,462 USD
844-474-4666
1703 W Springfield Ave
Champaign, IL 61821
HIGHLIGHTS
- 7-Brew Was Recognized as QSR Magazines "Breakout Brand of 2023"
- Blackstone (NYSE:BX) Announced a Significant Growth Equity Investment in 7-Brew (February 2024)
- Brand New 2024 Construction With a Long-Term 15 Year Ground Lease
- Absolute NNN Ground Lease Structure With Zero Landlord Responsibility
- Expertly Situated on Major Thoroughfare, Which Sees Over 20,000 VPD and Benefits From Busy Morning Commuter Traffic
- Dense Infill Market With 98,858 Residents Living Within a 3-Mile Radius of the Property
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 510 SF 7 Brew Located at 1703 West Springfield Avenue in Champaign, IL. This Deal Includes an Absolute NNN Ground Lease Structure With Zero Landlord Responsibility and Brand New 2024 Construction With a Long-Term 15-Year Lease, Providing For a Secured Investment.
In Cooperation With Sands Investment Group Illinois, LLC - Lic. #481013714 BoR: Andrew Ackerman - Lic. IL #471021429
FOR SALE DETAILS
PRICE
$1,538,462 USD
PRICE/SF
$3,017 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
ON GROUND LEASE
Yes
BUILDING DETAILS
PROPERTY NAME
7 Brew - Champaign, IL
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Fast Food, Freestanding, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.99 AC
LAND SF
43,124 SF
ZONING
-
APN/PARCEL ID
43-20-14-101-036
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844-474-4666
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844-474-4666
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