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63 E Marketview Dr
Champaign, IL 61820
Barnes & Noble +Bob's Discount Furniture · Retail Property For Sale
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50,940 SF Total
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 / SF | $172.42 / SF | Number of Properties | 2 |
| Cap Rate | 7% | Individually For Sale | 0 |
| Sale Type | Investment NNN | Total Building Size | 50,940 SF |
| Status | Active | Total Land Area | 9.03 AC |
| 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 | - |
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