809 W Green St - Convenience Store FOR SALE


Urbana, IL 61801
$3,223,000 USD
949-221-1803
809 W Green St, Urbana, IL for Sale
$3,223,000 USD
Convenience Store - FOR SALE
1/3
null | 5.25% Cap Rate

809 W Green St
Urbana, IL 61801


HIGHLIGHTS

  • Brand New Corporate Dutch Bros adjacent to University of Illinois
  • University of Illinois: #9 Public University in the U.S. with 59,000+ students
  • Grand Opening Expected 4Q25 | Brand New BTS Construction
  • Long Term 15 Year Lease with multiple renewal options
  • Absolute NNN Lease: ultimate ease of management for investor
  • Fee Simple Interest: Land & Building ownership

OVERVIEW

ILLINOIS BROKER OF RECORD...MICHAEL SCHERTLER....License No. 471011764 Faris Lee Investments is pleased to present the rare opportunity to acquire a brand-new, fee simple, drive-thru Dutch Bros adjacent to the University of Illinois. The property boasts excellent positioning at the intersection of Lincoln Avenue and Green Street, convenient to University destinations and the primary east-west thoroughfare for ‘Campustown’. Expected to open for business in 4Q25, this new construction, build-to-suit Dutch Bros will feature two drive-thru lanes and a walk-up window to satisfy heavy student & vehicle traffic. This QSR Coffee investment property is secured by a 15-year corporate lease (Boersma Bros LLC) with 10% rental increases every 5 years and multiple renewal options, providing investors with a long-term, inflation-hedged income stream. The long-term Absolute NNN lease has zero landlord responsibilities, making the offering ideal for a passive or out-of-state investor looking for a management-free, corporate-leased QSR asset. The subject property is immediately surrounded by the University of Illinois, its academic facilities, and student housing complexes. The University now has over 59,000 students; approximately 50% of undergraduate students live on-campus, proximate to this brand-new Dutch Bros location. The campus is located within the Champaign-Urbana metro, which is located approximately 2.5 hours south of Chicago, and has approximately 236,000 residents. This offering combines fee simple ownership, brand-new construction, zero landlord responsibilities, and a corporate QSR tenant creating an exceptional opportunity for investors seeking a stable income stream in a premier university market.

FOR SALE DETAILS

PRICE

$3,223,000 USD

PRICE/SF

$1,547 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dutch Bros Adj. to University of Illinois

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Fast Food, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,030 SF

ZONING

c

APN/PARCEL ID

92-21-17-103-001

ASK ABOUT THIS PROPERTY

Tyler StraussFaris Lee InvestmentsMore Info
949-221-1803

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Tyler StraussFaris Lee InvestmentsMore Info
949-221-1803

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