302-306 W Fairchild St - Storefront FOR SALE


Danville, IL 61832
$731,300 USD
765-293-2933
302-306 W Fairchild St, Danville, IL for Sale
$731,300 USD
Storefront - FOR SALE
1/5
null | 8.5% Cap Rate

302-306 W Fairchild St
Danville, IL 61832


HIGHLIGHTS

  • One of the largest Private Papa John’s franchisees in North America with 275+ locations.
  • Papa John’s ranks in the 98th percentile Nationwide (Placer.ai).
  • Situated at the signalized southeast corner of Gilbert Street and Fairchild Street, which sees traffic of over 29,000 VPD.
  • The Joint Smoke Shop is a well-known regional operator in Illinois and Indiana.
  • NNN Leases with built-in increases
  • Adjacent is a high performing Dollar General that ranks in the 98th percentile Nationwide (Placer.ai).

OVERVIEW

Bellagio Real Estate Partners, LLC is pleased to present a 100% occupied, two-tenant retail property located at the signalized corner of Gilbert Street and Fairchild Street. The property is leased to Bajco 100, LLC, one of the largest private franchisees of Papa Johns in North America with 275+ locations, and The Joint Smoke Shop, a growing regional operator with five locations across Illinois and Indiana. The asset benefits from strong visibility, convenient access from both Gilbert Street and Fairchild Street, and ample on-site parking with over 35 spaces. Positioned adjacent to a high-performing Dollar General ranking in the 98th percentile nationwide (Placer.ai), the property is surrounded by national retailers including Walgreens, CVS, Dollar Tree, Hardee’s, Sonic, Domino’s, and AutoZone. The surrounding trade area is supported by over 40,000 residents within a five-mile radius. Featuring long-term leases with built-in rent growth, this broker-owned offering presents a stabilized, low-management investment in e-commerce-resistant retail categories within a strong neighborhood retail corridor.

FOR SALE DETAILS

PRICE

$731,300 USD

PRICE/SF

$244 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Papa John's/The Joint Smoke Shop

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

48

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

B3

APN/PARCEL ID

23-05-311-005

ASK ABOUT THIS PROPERTY

Connor OkeBellagio Real Estate Partners LLCMore Info
765-293-2933

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

Connor OkeBellagio Real Estate Partners LLCMore Info
765-293-2933

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