Published on: Monday, October 7, 2024
Updated on: Monday, October 7, 2024
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About the Lister
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Name: Jack Cornell
Company: SRS Real State Partners
Office Phone: (801) 410-1621
Cell Phone: (801) 410-1621
Provide Your Service
Financing  Business  Material
  CSL Plasma, Champaign, IL
312 W Kirby Ave Champaign Illinois , 61820
312 W Kirby Ave Champaign Illinois                                                                                            , 61820  SRS Real State Partners
Listing ID: CL-Illinois-12340

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 6.75
Net Operating Income: $235,967.00
Commission Split (%): 0
Quick Glance
Listing ID: CL-Illinois-12340
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: 100%
Year Build: 2019
Building Size: 15,486.00 SqFt
Lot Size: 58,331.00 Acre
No of Stories: 1
No of Parking: 77
Offer to Millionaire Club: No
Business Available for Sale: Yes
Is Net Lease Investment: Yes
Property On Ground Lease: Yes
Building Status: Existing
Attached Documents
Listing 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.
Complete Details
Year Build: 2019
Building Size: 15,486 SqFt.
No of Stories: 1
Total Lot Area: 58331 Acre
No of Parking: 77
No of Total Units: 1
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: C
Property on Ground Lease?: Yes
Net Lease Investment?: Yes
Business Price Included?: Yes
Roofing: Not Specified
Occupancy: 100%
Full Description
Description 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. Location CSL Plasma is strategically located at the signalized, hard corner intersection of W. Kirby Avenue and S. State Street, averaging a combined 22,000 vehicles passing by daily. The asset benefits from nearby access onto Interstate 57, 72, and 74, making this an ideal and centralized location with easy commutes for both employees and patients. The site is ideally situated within a dense retail corridor and is within proximity to Baytowne Square (94,585 SF), Pinetree Plaza (111,720 SF), Market Place Shopping Center (963,173 SF), and other major shopping centers. The surrounding national/credit tenants include Walmart Supercenter, ALDI, The Home Depot, Target, PetSmart, Schnucks, and others. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. In addition, the site is within walking distance to the University of Illinois Urbana-Champaign, a nationally recognized public university with over 33,600 students enrolled. Furthermore, CSL Plasma is within proximity to numerous single-family communities and multi-family complexes including The Village (100 units), Eden Supportive Living (150 units), Hessel on the Park (285 units), and more, providing a direct residential consumer base from which the site can draw. The 5-mile trade area is supported by over 151,400 residents and 92,500 daytime employees, with an average annual household income of $72,791.
Additional Properties
Property Tenants
  • Landlord Responsibilities** Roof, Structure, Taxes, Insurance, & Exterior Utility Lines
  • Tenant CSL Plasma, Inc.
  • *NOI includes annual income of $6,000 from Billboard (see rent roll)
  • **Tenant reimburses landlord for all tax and insurance expenses.
Property Highlights
  • 10 Years Remaining | Scheduled Rental Increases | Corporate Guaranteed | Well-Known & Established Tenant
  • NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
  • Direct Residential Consumer Base | Strong Demographics in 5-Mile Trade Area
  • Dense Retail Corridor | Near Major Shopping Centers | Strong Tenant Presence | University of Illinois Urbana-Champaign
  • Signalized, Hard Corner Intersection | Centralized Location | Excellent Visibility | Recent Renovations | On-Site Billboard
Features
  • Parcel Number: 432013456001
  • Corner Lot, Freeway Visibility, Pylon Sign, Signage, Signalized Intersection
Actual - Cash Flow
Cash Flow Year Gross Income Effective GrossIncome Operating Expenses Net Operating Income Pre Tax Cash Flow Cap Rate
2024
$0.00
$0.00
$0.00
$235,967.00
$0.00
0%
Cash Flow for Current Listings
Listing Location
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35964 Winchester Rd , Winchester California                                                                                           92596
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1275 N. Hill Field Road , Layton Utah                                                                                                 84041
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17550 Hwy 19 , New London Missouri                                                                                             63459
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1834 W. Grant Street , Phoenix Arizona                                                                                              85007
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4315 Pickett Rd , Saint Joseph Missouri                                                                                             64503