1905 Convenience Pl - Medical FOR SALE


Champaign, IL 61820
$1,749,000 USD
980-498-3293
1905 Convenience Pl, Champaign, IL for Sale
$1,749,000 USD
Medical - FOR SALE
1/3
null | 7.25% Cap Rate

1905 Convenience Pl
Champaign, IL 61820


HIGHLIGHTS

  • NATION’S LARGEST DENTAL SUPPORT ORGANIZATION
  • INDUSTRY-LEADING SCALE & MARKET POSITION
  • 2.5% ANNUAL RENT BUMPS - SUPERIOR COMPOUNDING GROWTH
  • UNIVERSITY OF ILLINOIS URBANA-CHAMPAIGN
  • EDUCATION & HEALTHCARE-DRIVEN ECONOMIC STABILITY
  • PURPOSE-BUILT DENTAL FACILITY

OVERVIEW

Atlantic Capital Partners has been exclusively engaged to offer for sale Heartland Dental, a 3,829-square-foot net-leased medical asset located at 1905 Convenience Place in Champaign, Illinois. The property is leased to Heartland Dental, LLC, the nation’s largest dental support organization, under a corporate-guaranteed NN lease with approximately 6.2 years of remaining primary term. The lease features attractive 2.5% annual rental increases throughout the primary term and renewal options, providing investors with contractual income growth and long-term cash flow visibility. As a purpose-built dental facility, the property occupies a highly visible position along North Neil Street and benefits from strong surrounding retail fundamentals, including nearby Target, Walmart Supercenter, Costco, Kohl’s, Best Buy, Aldi, and numerous national retailers that drive consistent consumer traffic to the corridor. Located approximately 135 miles south of Chicago, Champaign serves as the economic, educational, and healthcare hub of Central Illinois. Anchored by the University of Illinois Urbana-Champaign, with more than 56,000 enrolled students and a research enterprise exceeding $900 million annually, Heartland Dental offers investors the opportunity to acquire a well-located healthcare asset leased to an industry-leading operator in one of Illinois’ most stable and resilient university-driven markets.

FOR SALE DETAILS

PRICE

$1,749,000 USD

PRICE/SF

$364 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental - Champaign, IL

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,541 SF

ZONING

-

APN/PARCEL ID

41-20-01-227-002

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.