1903 Convenience Place

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1903 Convenience Place

Champaign, IL 61820
Asking Price
$7.97M
Cap Rate
6.06%
Asset Type
QSR/Fast Food Retail
Class
Class B

What's Special

Price Reduced $202K | 3-Location Corporate Panera Portfolio | 6.06% Blended Cap Rate <p><span style="color: rgba(0, 0, 0, 1)">• Corporate-guaranteed Panera Bread leases across all three locations</span></p><p></p><p><span style="color: rgba(0, 0, 0, 1)">• Lease terms extend through December 31, 2033 providing long-term income stability</span></p><p></p><p><span style="color: rgba(0, 0, 0, 1)">• Attractive 6.06% blended cap rate with reduced portfolio pricing of $7,975,000</span></p><p></p><p><span style="color: rgba(0, 0, 0, 1)">• 10% rental increases every five years with the n

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NOI
$80,000
Cap Rate
1.00%
DSCR
0.17
Underwater
Cash-on-Cash
-16.45%
Monthly Payment
$39,455.949
Annual Cash Flow
$-393,471.384

Location & Travel Times