Barnes & Noble +Bob's Discount Furniture Retail FOR SALE


Champaign, IL
$8,783,200 USD
404-441-3849
, Champaign, IL for Sale
$8,783,200 USD
Retail - FOR SALE
1/11
null | 7% Cap Rate

Barnes & Noble +Bob's Discount Furniture
Champaign, IL


HIGHLIGHTS

  • Part of 170,000+ SF Market View Center
  • Half Mile from the 800,000+ SF Market Place Shopping Mall
  • Abundance of Hospitality and Multi-family
  • University of Illinois Urbana-Champaign Provides Powerful Customer Base
  • Robust Retail Corridor | Major Big Box Synergies

OVERVIEW

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.

ASK ABOUT THIS PROPERTY

Christopher BosworthCBRE, Inc.More Info
404-441-3849

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Christopher BosworthCBRE, Inc.More Info
404-441-3849

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