312 W Kirby Ave - Freestanding FOR SALE


Champaign, IL 61820- Downtown Champaign
$3,496,000 USD
801-410-1621
312 W Kirby Ave, Champaign, IL for Sale
$3,496,000 USD
Freestanding - FOR SALE
1/5
null | 6.75% Cap Rate

312 W Kirby Ave
Champaign, IL 61820
Downtown Champaign


HIGHLIGHTS

  • 10 Years Remaining | Scheduled Rental Increases | Corporate Guaranteed | Well-Known & Established Tenant
  • NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
  • Dense Retail Corridor | Near Major Shopping Centers | Strong Tenant Presence | University of Illinois Urbana-Champaign
  • Signalized, Hard Corner Intersection | Centralized Location |Excellent Visibility | Recent Renovations | On-Site Billboard
  • Direct Residential Consumer Base | Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate guaranteed, investment grade, CSL Plasma investment property located in Champaign, IL. The tenant, CSL Plasma, Inc., has over 10 years of firm term remaining with 2 (5-year) option periods left to extend. The lease features 10% rental increases every 5 years throughout the initial term and FMV rental increases at the beginning of each option, growing NOI and hedging against inflation. The lease is guaranteed by the corporate entity (S&P: A-) and is NNN with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. The offering also includes an on-site billboard, providing an additional source of income for the property (see rent roll). CSL Plasma, a division of CSL Behring, is a leader in plasma collection with over 270 centers across 30 countries.

FOR SALE DETAILS

PRICE

$3,496,000 USD

PRICE/SF

$226 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CSL Plasma | 10yrs Remain Corp NNN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

77

LAND DETAILS

LAND ACRES

1.34 AC

LAND SF

58,370 SF

ZONING

Commercial

APN/PARCEL ID

43-20-13-456-001

ASK ABOUT THIS PROPERTY

Jack CornellSRS Real Estate PartnersMore Info
801-410-1621

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jack CornellSRS Real Estate PartnersMore Info
801-410-1621

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.