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Champaign, IL - Orange Theory & AT&T

$1,950,000

2033 S Neil St, Champaign, IL 61820

Active
Last Updated: 01/13/2025

7.25

Cap Rate

141,372

NOI

Details:
Cap Rate:    7.25%
NOI:    $141,372
Building Size:    5,335 sqft
Description:

• 100% leased to national tenants AT&T (Large Authorized Retailer Prime) and Orangetheory Fitness.
• Orangetheory signed its lease through 2029 with two 5-year renewal options.
• AT&T’s lease has 3 years remaining with no renewal options, offering the potential for a future owner to convert the lease to a NNN structure and adjust the rent to market rates.

• Positioned within the Carriage Center, anchored by Harvest Market and home to Ace Hardware, restaurants, and service tenants.
• Surrounded by multiple shopping centers, franchise hotels, and office buildings.
• Just 5 minutes from the University of Illinois Urbana-Champaign, a top-ranked university with over 59,000 students.

Map:
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