Contacts
Michael Gaggo
Encore Real Estate Investment Services
Property Details
- Property Type Industrial - Manufacturing
- Property Size 153,030 SF
- Lot Size 10.62 Acre
- Additional Rent Contact for pricing
- Property Tenancy Single Tenant
- Year Built 1988
- Year Renovated 2006
- Date Updated Jul 23, 2024
- HVAC None
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Highlights
- Strong Commitment to Location: New 7 year lease extension | Tenant has operated at this location since 2020
- Secure Double Net Lease Structure: Minimal landlord responsibilities
- Strong Credit Tenant with Guarantee: The tenant is an S&P rated BBB Investment Grade Credit Tenant with a corporate guaranty from FedEx Ground
- Below Market Rent: Tenant is occupying the building at below market rent
- Established Property with Additions: The property has a history of development, with original construction in 1988 and multiple warehouse additions in subsequent years (1994, 1996, 1997, 2000, & 2008). This indicates ongoing investment and adaptation to business needs
- New Roof Installation: A significant improvement was made with a brand new roof installed on the East portion of the building. This 57,000 SF rubber membrane roof carries a 20-year warranty from November 2020, reducing potential maintenance costs
- Spacious Property Configuration: The property spans 153,030 SF, with approximately 21,000 SF allocated for office space and around 132,000 SF dedicated to warehouse facilities. This versatile layout can accommodate various business operations
- Desirable Location: 1-mile radius boasting a household income exceeding $100,000. This suggests a strong local economy and potential customer base for businesses
- Educational Hub: Champaign is home to the University of Illinois at Urbana-Champaign
- Transportation Infrastructure: Champaign's strategic location provides easy access to major transportation routes, including Interstates 57 and 74, as well as Amtrak rail services. This connectivity is beneficial for businesses relying on efficient logistics
Getting around
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Walk Score ®
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Location
- City Champaign, IL
- Neighborhood Timberline Valley South
- Zip Code 61822
Points of Interest
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Champaign-Urbana
3.72 miles
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County Market
1.53 miles
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Thorntons
1.81 miles
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Shell
1.85 miles
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Marathon
2.04 miles
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Mobil
2.08 miles
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Circle K
3.03 miles
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Phillips 66
3.03 miles
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Sam's Club
3.11 miles
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Tesla Supercharger
3.48 miles
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ChargePoint
4.60 miles
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Rainstorm Express
2.94 miles
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Enterprise
2.99 miles
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Zipcar
3.70 miles
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Smitty's Car Wash
3.74 miles
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Rainstorm
3.77 miles
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M&M Auto Detail
5.81 miles
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Above and Beyond Detailing
5.93 miles
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El Toro Bravo
1.16 miles
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Wienerschnitzel
1.51 miles
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Tastee Freez
1.51 miles
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McDonald's
1.51 miles
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Dunkin'
1.56 miles
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Burger King
1.60 miles
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Texas Roadhouse
1.62 miles
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Taco Bell
1.62 miles
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Niro's Gyros
1.65 miles
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Li'l Porgy's Bar-B-Q
1.68 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
Michael Gaggo
Encore Real Estate Investment Services