1903 Convenience Pl
Champaign, IL 61820
Retail Property For Sale

This Panera Bread at 1903 Convenience Place in Champaign, Illinois represents a compelling single-tenant net lease investment opportunity featuring nearly two decades of operational history and exceptional corporate backing. Since opening in 2005, this location has demonstrated sustained performance, ultimately prompting Panera Corporate to assume the lease directly from the franchisee and execute a new 10-year term extending through December 2033—a decisive endorsement of the asset’s long-term viability and strategic market position.
Strategically positioned just off Interstate 74 within Champaign’s premier retail corridor, the property benefits from immediate proximity to Market Place Shopping Center, a major regional destination anchored by Macy’s, JCPenney, DSW, and Dick’s Sporting Goods. The surrounding trade area features an unparalleled concentration of national credit tenants including Costco, Target, Walmart, Meijer, Lowe’s, PetSmart, Best Buy, ALDI, Burlington, and Hobby Lobby, creating powerful traffic synergy and establishing this location as a dominant commercial node.
The fast-casual and quick-service restaurant density further validates the corridor’s strength, with immediate neighbors including Chick-fil-A, Olive Garden, Starbucks, Jersey Mike’s, Panda Express, Raising Cane’s, and Chipotle. This concentration of established dining concepts underscores the location’s proven ability to capture consistent customer traffic, supported by the University of Illinois’ 50,000+ students and staff alongside Champaign-Urbana’s affluent residential base. With corporate lease security, built-in rent escalations, and positioning within an irreplaceable retail hub, this asset delivers institutional-quality income stability within a recession resistant university market.