Marcus & Millichap is pleased to present the opportunity to purchase the fee simple interest in a new construction, 2-tenant retail center featuring
Jersey Mike’s & a corporate T-Mobile location. Located on a padsite to a high traffic Meijer Supercenter, this site benefits from the traffic Meijer
drives to the area with its grocery, gas and diversified merchandise offerings. Per Placer.AI, this Meijer location sees 1.6 Million visitors every year.
The property is also flanked by a new construction Starbucks and OSF Urgent Care, both of which drive additional traffic to the site. Jersey Mike’s
& T-Mobile signed new 10YR NNN leases in mid-2024, providing a high level of stability to the cash flow and a weighted average lease term that
exceeds 9 years. Priced below $2M, at a 7.15% CAP, this property offers an above market yield for new construction leased to such credit-worthy
tenants.
With exposure to over 20,000 vehicles per day and surrounding household incomes in excess of $90,000 annually, the retail fundamentals and
dynamism of this trade area are self-evident, ensuring the long-term viability of this opportunity.
Danville is located less than 40 miles east of Champaign, IL, just off I-74, the primary interstate between Champaign and Indianapolis. Danville
is less than 4 miles from the Indiana border, making it an important logistics hub for much of the surrounding region. This retail corridor serves an
especially wide radius as the result of its strategic positioning at the crossroads of the interstate and several state highways.