507-525 W Town Center Blvd
Champaign, IL 61822
Champaign Station · Retail Property For Sale

Located at the southwest corner of Town Center and Moreland Boulevard, the Property is centrally positioned directly between a Menards and Walmart Supercenter to the North and a Class “A” 240 -unit apartment complex to the South. In addition, the Property sits between a Target and Lowe’s Home Improvement community shopping center to the West and the 700,000+ square foot Market Place super regional mall to the East. In addition, a brand new construction Costco will be added to the regional mall Spring of 2020, replacing the former Bergner’s building. Built in 2007, Champaign Station features a sleek high-end brick façade and has been very well maintained. The site is located in a dense retail trade area and has a population of 170,000 people within 10-miles. The property features ample frontage along both Town Center Boulevard and Mooreland Boulevard. In addition, the immediately surrounding trade area is host to a large variety of national retail, dining, and hospitality establishments including Walmart, Target, Menards, Aldi, Meijer, AMC, Panera Bread, Chipotle, Chili’s, Olive Garden, Best Buy, Lowe’s, Hobby Lobby, and many others. Champaign Station offers investors a well-positioned stable investment with a strong service-oriented tenant mix and immediate upside potential through development of the pad lot. Investment Highlights Value-Add Opportunity: The subject property offers a significant value-enhancement opportunity through development of the adjacent pad lot of ~41,000 SF (0.94 AC). Complimentary Tenant Line-Up: The subject offering is leased to a complimentary tenant line-up including medical, finance, dining, gaming, and other e-commerce resistant service-based tenants. Leasing Velocity: Champaign Station has strong momentum with three brand new leases; including Spectrum Therapies, Army National Guard, and a Chiropractor for a combined 9,600 SF and an average of 6.3 years of lease term. Irreplaceable Location: Situated at the Southwest corner of Town Center and Moreland Boulevard, the property is centrally positioned directly between a Class A 240-unit apartment complex to the South and Menards directly to the North. Strong Demographic Profile: The surrounding area boasts a solid local profile. Within a 10-mile radius, there are 170,000 residents enjoying average household incomes of over $71,000. Shadow Anchor Drawing Power: Champaign Station enjoys unprecedented cross traffic from its prominent location across from its dominant shadow anchors, Target, Lowe's, Menards and Walmart.