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CSL Plasma | 10yrs Remain Corp NNN w/ Incrs 312 W Kirby Ave

15,486 SF Retail Building Champaign, IL 61820 £2,735,445 (£177/SF) 6.75% Net Initial Yield

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Investment Highlights

10 Years Remaining | Scheduled Rental Increases | Corporate Guaranteed | Well-Known & Established Tenant
Dense Retail Corridor | Near Major Shopping Centers | Strong Tenant Presence | University of Illinois Urbana-Champaign
Direct Residential Consumer Base | Strong Demographics in 5-Mile Trade Area

NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
Signalized, Hard Corner Intersection | Centralized Location |Excellent Visibility | Recent Renovations | On-Site Billboard

Executive Summary

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate guaranteed, investment grade, CSL Plasma investment property located in Champaign, IL. The tenant, CSL Plasma, Inc., has over 10 years of firm term remaining with 2 (5-year) option periods left to extend. The lease features 10% rental increases every 5 years throughout the initial term and FMV rental increases at the beginning of each option, growing NOI and hedging against inflation. The lease is guaranteed by the corporate entity (S&P: A-) and is NNN with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. The offering also includes an on-site billboard, providing an additional source of income for the property (see rent roll). CSL Plasma, a division of CSL Behring, is a leader in plasma collection with over 270 centers across 30 countries.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Freestanding

Building Size

15,486 SF

Building Class

Year Built

2019

Price

£2,735,445

Price Per SF

£177

Net Initial Yield

6.75%

NOI

£184,632

Tenancy

Single

Number of Floors

Building FAR

0.27

Land Acres

1.34 AC

Zoning

Commercial

Parking

77 Spaces (4.97 Spaces per 1,000 SF Leased)

Amenities

Corner Lot
Freeway Visibility

Pylon Sign

Signage

Signalised Intersection

Health Care and Social Assistance
99,999 SF
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CSL Plasma operates one of the world’s largest and most sophisticated plasma collection networks, with multiple plasma collection centers in U.S., Europe and China and employs various employees. CSL Plasma is vertically integrated, meaning plasma collected at CSL Plasma facilities are used by CSL Behring for the sole purpose of manufacture and deliver its life-saving therapies to people in more than 100 countries.