T-Mobile & Jersey Mike's | 3655 N Vermilion St
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T-Mobile & Jersey Mike's 3655 N Vermilion St
3,850 SF 100% Leased 4-Star Retail Building Danville, IL 61832 £1,615,327 (£420/SF) 6.85% Net Initial Yield
Investment Highlights
- 100% leased multi-tenant site to T-Mobile and Jersey Mike’s
- 10-year NNN lease to T-Mobile (NASDAQ: “TMUS”)
- T-Mobile is the second largest wireless carrier in the U.S. with over 119 million customers
- Scheduled rent increases provide a hedge against inflation
- 10-year NNN lease to Jersey Mike’s
- Jersey Mike’s is a market leader for sandwich restaurants with 2,000+ locations across the United States
Executive Summary
High-visibility location on U.S. Route 136/North Vermilion Street (20,000 AADT)
Surrounded by notable retailers including Walmart, Meijer, Lowe’s, Tractor Supply Co, and Kohls, increasing visibility and foot traffic
Just minutes from OSF Sacred Heart Medical Center (100+ beds), a significant healthcare provider in the region
Close to Danville Area Community College, which has a student enrollment of over 3,000, providing a steady customer base
Proximity to several residential neighborhoods, including Eastgate and Fairview Acres, ensuring a strong local customer demographic
Strategic location near Danville Area Community College, OSF Sacred Heart Medical Center, and other major employers and community hubs, driving daily traffic
T-Mobile and Jersey Mike’s benefit from a relatively affluent local population, residents living within one mile of the site have an annual household income of over $91,504
Average annual household income in the area is projected to grow by 12% by 2029, increasing consumer spending potential
Close proximity to Vermilion Regional Airport, supporting local and regional accessibility for businesses and travelers
Easy access to nearby metro areas like Champaign-Urbana
Vermilion County’s growing economy and revitalization efforts are attracting businesses, making it an ideal location for retail success
Surrounded by notable retailers including Walmart, Meijer, Lowe’s, Tractor Supply Co, and Kohls, increasing visibility and foot traffic
Just minutes from OSF Sacred Heart Medical Center (100+ beds), a significant healthcare provider in the region
Close to Danville Area Community College, which has a student enrollment of over 3,000, providing a steady customer base
Proximity to several residential neighborhoods, including Eastgate and Fairview Acres, ensuring a strong local customer demographic
Strategic location near Danville Area Community College, OSF Sacred Heart Medical Center, and other major employers and community hubs, driving daily traffic
T-Mobile and Jersey Mike’s benefit from a relatively affluent local population, residents living within one mile of the site have an annual household income of over $91,504
Average annual household income in the area is projected to grow by 12% by 2029, increasing consumer spending potential
Close proximity to Vermilion Regional Airport, supporting local and regional accessibility for businesses and travelers
Easy access to nearby metro areas like Champaign-Urbana
Vermilion County’s growing economy and revitalization efforts are attracting businesses, making it an ideal location for retail success
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,850 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2024
Price
£1,615,327
Price Per SF
£420
Net Initial Yield
6.85%
NOI
£110,637
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.39
Land Acres
0.23 AC
Zoning
B3 - General Business
Amenities
- Corner Lot
- Restaurant
- Signage
- Signalised Intersection
PROPERTY TAXES
| Parcel Number | 18-20-206-002 | Improvements Assessment | £0 |
| Land Assessment | £9,538 | Total Assessment | £9,538 |
PROPERTY TAXES
Parcel Number
18-20-206-002
Land Assessment
£9,538
Improvements Assessment
£0
Total Assessment
£9,538
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Power Broker Ryan Forsyth -
Power Broker Michael Yuras -
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T-Mobile & Jersey Mike's | 3655 N Vermilion St
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