Danville, IL - T-Mobile & Jersey Mike's

Description:

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 2-tenant, new construction, freestanding, , T-Mobile (NASDAQ: TMUS | S&P: BBB+) and Jersey Mike’s investment property located in Danville, IL. Both tenants recently signed a brand new 10-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. Both leases feature rental increases (approximately 10%) every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. Both tenants reimburse their pro rata share of common area maintenance, taxes, and insurance, limiting expense leakage for a new investor.

The subject property is positioned as an outparcel to a Meijer anchored center at the signalized, hard corner intersection of N. Vermilion St. and Boiling Springs Rd., averaging a combined 25,200 vehicles passing by daily. The Meijer anchored center is also home to Kohl’s, TJ Maxx, Tractor Supply, and more, promoting crossover shopping to the subject property. Other nearby national/credit tenants include a 24-Hour Walmart Supercenter, Lowe’s Home Improvement, Ross Dress for Less, Burlington, and more, further increasing consumer draw to the immediate trade area. The 5-mile trade area is supported by more than 31,700 residents and nearly 16,800 employees. Residents within a 1-mile trade radius boast a healthy average household income of more than $84,000.

---

Report Listing This listing was syndicated through:

Listing ID: a288X000002lzpcQAA