Log In/Sign Up
Your email has been sent.
Barnes & Noble +Bob's Discount Furniture 2 Retail Properties Offered at $8,783,200 in Champaign, IL
Investment Highlights
- Part of 170,000+ SF Market View Center
- Abundance of Hospitality and Multi-family
- Robust Retail Corridor | Major Big Box Synergies
- Half Mile from the 800,000+ SF Market Place Shopping Mall
- University of Illinois Urbana-Champaign Provides Powerful Customer Base
Executive Summary
Situated less than two miles north of downtown Champaign, the subject property is located immediately off of I-74 (48,900 VPD) at the hard-corner, signalized intersection of North Neil Street (17,000 VPD) and East Marketview Drive (4,300 VPD).
Barnes & Noble: With an operating history of 30 years at this location, Barnes & Noble's net lease features a corporate guaranty from Barnes & Noble, Inc. and ±7.3 years of term remaining with a 4.35% rent increase in 2028.
Bob's Discount Furniture: Currently in the process of backfilling Bed, Bath & Beyond, Bob's Discount Furniture's net lease features 10 years of term (estimated opening: February 15, 2026) with an 8% rent increase in year 6 and 10% rent increases in each of the four, 5-year renewal options. The lease also boasts a corporate guaranty from BDF Acquisition Corporation.
Barnes & Noble: With an operating history of 30 years at this location, Barnes & Noble's net lease features a corporate guaranty from Barnes & Noble, Inc. and ±7.3 years of term remaining with a 4.35% rent increase in 2028.
Bob's Discount Furniture: Currently in the process of backfilling Bed, Bath & Beyond, Bob's Discount Furniture's net lease features 10 years of term (estimated opening: February 15, 2026) with an 8% rent increase in year 6 and 10% rent increases in each of the four, 5-year renewal options. The lease also boasts a corporate guaranty from BDF Acquisition Corporation.
Property Facts
| Price | $8,783,200 | Number of Properties | 2 |
| Price / SF | $172.42 / SF | Individually For Sale | 0 |
| Cap Rate | 7% | Total Building Size | 50,940 SF |
| Sale Type | Investment NNN | Total Land Area | 9.03 AC |
| Status | Active |
| Price | $8,783,200 |
| Price / SF | $172.42 / SF |
| Cap Rate | 7% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 50,940 SF |
| Total Land Area | 9.03 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 65 E Marketview Dr, Champaign, IL 61820 | Retail | 27,730 SF | 1985 | - |
| 63 E Marketview Dr, Champaign, IL 61820 | Retail | 23,210 SF | 1985 | - |
1 1
Contacts
-
Christopher Bosworth -
Brian Pfohl -
Thomas Carr -
Abby Kelly -
Katie Goldberg -
Sean McCourt -
Kaitlyn Wolf -
Leah Lindell -
CBRE, Inc.
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Barnes & Noble +Bob's Discount Furniture
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.