3655 N Vermilion St - Freestanding FOR SALE


Danville, IL 61832
$2,015,000 USD
415-690-5522
3655 N Vermilion St, Danville, IL for Sale
$2,015,000 USD
Freestanding - FOR SALE
1/7
null | 7% Cap Rate

3655 N Vermilion St
Danville, IL 61832


HIGHLIGHTS

  • 100% leased multi-tenant site to T-Mobile and Jersey Mike’s
  • Scheduled rent increases provide a hedge against inflation
  • 10-year NNN lease to T-Mobile (NASDAQ: “TMUS”)
  • 10-year NNN lease to Jersey Mike’s
  • T-Mobile is the second largest wireless carrier in the U.S. with over 119 million customers
  • Jersey Mike’s is a market leader for sandwich restaurants with 2,000+ locations across the United States

OVERVIEW

High-visibility location on U.S. Route 136/North Vermilion Street (20,000 AADT) Surrounded by notable retailers including Walmart, Meijer, Lowe’s, Tractor Supply Co, and Kohls, increasing visibility and foot traffic Just minutes from OSF Sacred Heart Medical Center (100+ beds), a significant healthcare provider in the region Close to Danville Area Community College, which has a student enrollment of over 3,000, providing a steady customer base Proximity to several residential neighborhoods, including Eastgate and Fairview Acres, ensuring a strong local customer demographic Strategic location near Danville Area Community College, OSF Sacred Heart Medical Center, and other major employers and community hubs, driving daily traffic T-Mobile and Jersey Mike’s benefit from a relatively affluent local population, residents living within one mile of the site have an annual household income of over $91,504 Average annual household income in the area is projected to grow by 12% by 2029, increasing consumer spending potential Close proximity to Vermilion Regional Airport, supporting local and regional accessibility for businesses and travelers Easy access to nearby metro areas like Champaign-Urbana Vermilion County’s growing economy and revitalization efforts are attracting businesses, making it an ideal location for retail success

FOR SALE DETAILS

PRICE

$2,015,000 USD

PRICE/SF

$523 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

T-Mobile & Jersey Mike's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

9,945 SF

ZONING

B3

APN/PARCEL ID

18-20-206-002

ASK ABOUT THIS PROPERTY

Vincent AicaleCushman & WakefieldMore Info
415-690-5522

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Vincent AicaleCushman & WakefieldMore Info
415-690-5522

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