7 Brew - Champaign, IL | 1703 W Springfield Ave
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7 Brew - Champaign, IL 1703 W Springfield Ave
510 SF Retail Building Champaign, IL 61821 £1,203,770 (£2,360/SF) 6.50% Net Initial Yield
Investment Highlights
- 7-Brew Was Recognized as QSR Magazines "Breakout Brand of 2023"
- Brand New 2024 Construction With a Long-Term 15 Year Ground Lease
- Expertly Situated on Major Thoroughfare, Which Sees Over 20,000 VPD and Benefits From Busy Morning Commuter Traffic
- Blackstone (NYSE:BX) Announced a Significant Growth Equity Investment in 7-Brew (February 2024)
- Absolute NNN Ground Lease Structure With Zero Landlord Responsibility
- Dense Infill Market With 98,858 Residents Living Within a 3-Mile Radius of the Property
Executive Summary
Sands Investment Group is Pleased to Exclusively Offer For Sale the 510 SF 7 Brew Located at 1703 West Springfield Avenue in Champaign, IL. This Deal Includes an Absolute NNN Ground Lease Structure With Zero Landlord Responsibility and Brand New 2024 Construction With a Long-Term 15-Year Lease, Providing For a Secured Investment.
In Cooperation With Sands Investment Group Illinois, LLC - Lic. #481013714 BoR: Andrew Ackerman - Lic. IL #471021429
In Cooperation With Sands Investment Group Illinois, LLC - Lic. #481013714 BoR: Andrew Ackerman - Lic. IL #471021429
Property Facts
Sale Type
Investment
Sale Condition
Ground Lease Sold
Property Type
Retail
Property Subtype
Building Size
510 SF
Building Class
C
Year Built
2024
Price
£1,203,770
Price Per SF
£2,360
Net Initial Yield
6.50%
NOI
£78,245
Tenancy
Single
Number of Floors
1
Building FAR
0.01
Land Acres
0.99 AC
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- 7 Brew
- Accommodation and Food Services
- 510 SF
- £153.42
- NNN
- May 2039
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| 7 Brew | Accommodation and Food Services | 510 SF | £153.42 | NNN | May 2039 |
Walk Score ®
Very Walkable (77)
Bike Score ®
Very Bikeable (73)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 43-20-14-101-036 | Improvements Assessment | £0 |
| Land Assessment | £139,268 | Total Assessment | £139,268 |
PROPERTY TAXES
Parcel Number
43-20-14-101-036
Land Assessment
£139,268
Improvements Assessment
£0
Total Assessment
£139,268
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John Mansour -
Daniel Marquez -
Will Schuhmacher -
Jordan Mulloy -
Doug Roland -
Max Freedman -
Sands Investment Group Austin, LLC
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7 Brew - Champaign, IL | 1703 W Springfield Ave
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