Orange Theory Fitness & AT&T | 2035 S Neil St
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Orange Theory Fitness & AT&T 2035 S Neil St
5,260 SF 100% Leased Retail Building Champaign, IL 61820 $2,742,480 CAD ($521 CAD/SF) 7.25% Cap Rate
Investment Highlights
- Fully Leased 2-Tenant | Strong National Tenants | Potential Upside
- Outparcel to Carriage Center | Dense Commercial Corridor | University of Illinois Urbana-Champaign (59,000 Students)
- Significant Street-Front View | Excellent Visibility & Access
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• 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.
• 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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,260 SF
Year Built
2015
Price
$2,742,480 CAD
Price Per SF
$521 CAD
Cap Rate
7.25%
NOI
$198,826 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Land Acres
0.93 AC
Zoning
CG - General Commercial
Parking
51 Spaces (9.7 Spaces per 1,000 SF Leased)
Amenities
- Freeway Visibility
- Signage
- Signalized Intersection
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 45-20-24-401-006 | Improvements Assessment | $412,581 CAD |
| Land Assessment | $462,031 CAD | Total Assessment | $874,612 CAD |
PROPERTY TAXES
Parcel Number
45-20-24-401-006
Land Assessment
$462,031 CAD
Improvements Assessment
$412,581 CAD
Total Assessment
$874,612 CAD
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Chad Lieber -
SRS Real Estate Partners
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Orange Theory Fitness & AT&T | 2035 S Neil St
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