Walgreen's Champaign, IL

Highlights:

• Strong store sales | Top 8% of all Walgreens | 1.18% Rent/Sales ratio
• College town 2 miles from University of Illinois 60,000 students
• Absolute NNN lease | Fee simple ownership with depreciation benefits
• Rental increases every five years throughout initial term and option periods
• Located at high traffick hard corner prime visibility to 35,000 vehicles per day

Description:

Illinois Broker of Record: Brian Brockman License #: 471020548, Bang Realty-Illinois Inc.
Faris Lee Investments is pleased to present an exclusive opportunity to acquire a single-tenant, net-leased Walgreens asset in Champaign, Illinois, a prominent college town and major economic hub in central Illinois. Operating as one of the chain’s top-tier retail units, this store ranks in the top 8% of all Walgreens locations nationwide, backed by an exceptionally low 1.18% rent-to-sales ratio that reflects remarkable store profitability and long-term tenant stability. The property features an Absolute NNN lease structure with zero landlord management responsibilities, paired with rare 5% rental increases every five years throughout both the initial term and option periods. This structure delivers passive, inflation-protected cash flow, strong asset appreciation, and valuable tax benefits through building depreciation.

Situated on a highly visible, signalized hard corner exposed to over 35,000 Vehicles Per Day (VPD), the asset commands excellent accessibility within a major retail corridor. The site benefits from strong crossover synergy from neighboring national powerhouses, including Costco, Target, Sam’s Club, and Home Depot, with mobile tracking data reflecting frequent multi-stop shopping visits in the immediate trade area. The property is supported by an affluent local demographic profile featuring an average household income of $95,407, providing a strong customer base with substantial discretionary spending power.

The asset is strategically located just two miles from the University of Illinois Urbana-Champaign, a top-tier institution with a $2 billion budget, over 60,000 students, and more than 31,000 faculty and staff. In addition to the university’s massive economic influence, the location is bolstered by a strong industrial employment base, with major corporate facilities for Kraft-Heinz and Caterpillar located within one-half mile of the property. Positioned at the nexus of higher education, major corporate manufacturing, and dominant national retail, this offering presents an investor with a highly secure, income-generating credit asset in a thriving Midwest market.

Situated on a highly visible, signalized hard corner exposed to over 35,000 Vehicles Per Day (VPD), the asset commands excellent accessibility within a major retail corridor. The site benefits from strong crossover synergy from neighboring national powerhouses, including Costco, Target, Sam’s Club, and Home Depot.

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