Steve & Barry's
913 West Marketview Drive
Champaign, IL 61822
| Price: |
$8,153,344 |
| CAP Rate: |
8.85% |
| Building Size: |
12,885 SF |
| Approx Lot Size: |
128852.00 Acre(s) |
| Year Built: |
1991 |
Net Lease Investment: |
Yes |
| Existing Debt: |
No |
| Property On Ground Lease: |
No |
| 1031 Exchanges Acceptable: |
Yes |
Property Features- Lease Type: Net, Net, Net Lease. No Landlord responsibilities.
- Lease Term: Eight (8) years
- Lease Commencement: June, 2006
- Lease Renewal Options: One (1) Seven (7) year option
- Percentage Rent: 4% of Gross Sales in excess of breakpoint of $18,039,280
|
|
 |
For more information contact:
Keith Sturm
(612) 332-6600
Upland Real Estate Group, Inc.
|
Property Description
This site is located less than a mile from Market Place Mall off of Interstate 74. Market Place Mall included major tenants such as: Macy's, Sears, JC Penny and Bergners. Other retailers in the immediate area include: Kohl's, Target, Meijer, Buffalo Wild Wings, Buffalo Wild Wings, Culver's, Lone Star Steakhouse, Chili's, Red Lobster, Ryan's Grill & Buffet, Burger King, Subway, Applebee's, Ruby Tuesday, Outback Steakhouse, Arby's, KFC, McDonald's, Jimmy John's, Taco Bell, Baker Square, Olive Garden, Panera, Country Inn, Comfort Inn and Super 8 Motel.
Champaign, IL is located 135 miles south of Chicago and 124 miles west of Indianapolis, Indiana. Though in many respects Champaign is still a farm community, it is notable for sharing the campus of the University of Illinois at Urbana-Champaign with its sibling city of Urbana. Thanks to the university and a number of well known technology startups, Champaign is often referred to as the hub of, or at least a significant landmark of, the Silicon Prairie. In addition to a high quality of life and exceptional cultural opportunities, Champaign provides a positive business environment for high technology companies, agricultural and medical research, light industry and distribution facilities, and retail developments. Champaign promotes economic stability and growth through sound planning and development programs including Industrial Development incentives, Enterprise Zone incentives, Tax Increment Finance Districts, development programs in the downtown and campustown and capital improvements planning and construction
|