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Walgreens 13+ years Urbana, IL - reduced! 1801 S Philo Rd 14,820 SF Retail Building Urbana, IL 61802 $3,250,000 ($219.30/SF) 10% Cap Rate
INVESTMENT HIGHLIGHTS
- Leased to Walgreens with a firm lease until 2038. Walgreens has options through 2083.
- Adjacent to major retailers including Meijer, CVS, and Planet Fitness
- High-visibility corner adjacent to traffic signal on major South Philo Rd, prime commercial corridor
EXECUTIVE SUMMARY
Well located near the University of Illinois. 13+ years of rent guaranteed by Walgreens. Buyers' brokers protected. Price has been reduced!
PROPERTY FACTS
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,820 SF
Building Class
B
Year Built
2010
Price
$3,250,000
Price Per SF
$219.30
Cap Rate
10%
NOI
$325,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Lot Size
1.15 AC
Parking
33 Spaces (2 Spaces per 1,000 SF Leased)
Frontage
213’ on S Philo Road
Bike Score®
Very Bikeable (71)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 93-21-21-126-049 | Improvements Assessment | $313,900 |
| Land Assessment | $261,110 | Total Assessment | $575,010 |
PROPERTY TAXES
Parcel Number
93-21-21-126-049
Land Assessment
$261,110
Improvements Assessment
$313,900
Total Assessment
$575,010
CONTACT
-
Jason Feldman -
Net Lease USA
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Walgreens 13+ years Urbana, IL - reduced! | 1801 S Philo Rd
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