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[ REPRESENTATIVE PHOTO ]
$11.1 Billion in 2014 revenueadjacent to target/lowe’s anchored shopping center [ www.CapitalPacific.com ]
sherwin williams
702 W Marketview Dr, Champaign, Illinois, 61822
Rentable SF . . . . . . . . . . . . . . . 4,884 SF
PRICe PeR SF . . . . . . . . . . . . . . . $257
lanD aRea . . . . . . . . . . . . . . . 0 .47 Acres
CuRRent Rent . . . . . . . . . . . . $15 .05/SF
leaSe exPIRatIon . . . . . . . . . 2/28/2023
PRICE: $1,256,410CAP: 5.85%MARCh 2018 CAP: 6.44%
Listing TeamContact Info
RICK SANNERrsanner@capitalpacific .com | (415) 274-2709CA BRE# 01792433
John Andreinijandreini@capitalpacific .com | (415) 274-2715CA BRE# 01440360
PROperty Summary
Capital Pacific collaborates . Click here to meet the rest of our San Francisco team .
FREEstAndIng shERwIn-wIllIAMs, A stAndARd & PooR’s “A” RAtEd tEnAnt, loCAtEd In ChAMPAIgn, Il
[ surrounding area retail ]
Home of University of Illinois at Urbana-Champaign, the flagship campus of the University of Illinois system .
In conjunction with IL Licensed Broker:Keeler Real Estate, LLC | (312) 263-1010
sherwin-williams | 2
FREEstAndIng shERwIn-wIllIAMs loCAtEd In ChAMPAIgn, Il
135,000+ Residents within a 5-mile radiusNational Tenant
core characteristics
InveStMent hIghlIghtSRetailers in the immediate area include Target, The Home Depot, Kohl’s, Bed Bath & Beyond, T .J . Maxx, Barnes & Noble, and many others
Solid education/economic base: Champaign is widely known as the home of the University of Illinois at Urbana-Champaign, which has over 44,000 students enrolled annually, and Parkland College, which has over 18,000 students enrolled annually
Population growth is projected in one, three, and five mile radii
tenant hIghlIghtS (See Page 9 FoR MoRe DetaIlS)$11 .1 billion in 2014 revenues
Ranked 266 on the Fortune 500
Standard & Poor’s “A” credit rating
leaSe hIghlIghtS10-year primary lease term with options; 10% rental increases every 5 years
Three 5-year options
Below market rent - only $15 per square foot per month
Landlord responsible for roof, structure, and parking lot
Tenant responsible for non-structural interior repairs & HVAC
[ surrounding area retail ]
sherwin-williams | 3
aerial
Mar
ket S
treet
County Road 1900 n
W Marketview Drivebo
ardw
alk
Driv
e
n P
rosp
ect a
venu
en
Pro
spec
t ave
nue
W Springfield avenue e Springfield avenue
57
57
74
7474
10
45
URBANA COUNTRY CLUB
FRASCA FIELD
Franklin Middle School
Doctor howard elementary
Stratton elementary
Champaign Central high School
booker t. Washington elementary
MaRKet PlaCe ShoPPIng CenteR
baYtoWne SQuaRe
PInetRee PlaZa
MaRKet PlaCe PlaZa
MaRKet vIeW ShoPPIng CenteR
CHICAGO
57
31,000 DAILY
47,200 DAILY
IMMeDIate aRea RetaIleRS InCluDe taRget, the hoMe DePot, Kohl’S, anD beD bath & beYonD
sherwin-williams | 4
SUBjECT pROpERTY IS ADjACENT TO
LOwES, THE HOmE DEpOT, kOHL’S, T.j.
mAXX, AND mANY OTHERS
photos
sherwin-williams | 5
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
income & expense
PRICE $1,256,410 Price Per Square Foot: $257 .25
Capitalization Rate: 5 .85%
March 1, 2018 Capitalization Rate: 6 .44%
Total Rentable Area (SF): 4,884
Lot Size (AC): 0 .47
STABILIZED INCOME Per Square FootScheduled Rent $15 .05 $73,500
Effective Gross Income $15 .05 $73,500
LESS Per Square FootTaxes NNN $0 .00
Insurance NNN $0 .00
Total Operating Expenses NNN $0 .00
EQUALS NET OPERATING INCOME $73,500
[ REPRESENTATIVE PHOTO ]
sherwin-williams | 6
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
rent roll
TENANT INFO LEASE TERMS RENT SUMMARY
Tenant Name Sq . Ft . Term Current Rent
MonthlyRent
YearlyRent
MonthlyRent/FT
YearlyRent/FT
Sherwin-Williams 4,884 03/01/13 02/28/18 $73,500 $6,125 $73,500 $1 .25 $15 .05
03/01/18 02/28/23 $6,738 $80,850 $1 .38 $16 .55
Option 1 03/01/23 02/28/28 $7,411 $88,935 $1 .52 $18 .21
Option 2 03/01/28 02/28/33 $8,152 $97,828 $1 .67 $20 .03
Option 3 03/01/33 02/28/38 $8,967 $107,604 $1 .84 $22 .03
Totals: 4,884 $73,500 $6,125 $73,500 $1.25 $15.05
sherwin-williams | 7
SIte Plan KeY
PARCEL OUTLINE:
LAND AREA: 0 .47 ACRES
BUILDING AREA: 4,884 SF
INGRESS/EGRESS:
site plan
W M
arke
tvie
w D
rive
laRge oveRheaD SIgn
This site plan is a rendering that has been created based on sources we believe to be reliable, however we make no representations or warranties, expressed or implied, as to the accuracy of the rendering. Buyer must verify the information and bears all risk for any inaccuracies. sherwin-williams | 8
tenant overview about SheRWIn-WIllIaMSThe Sherwin-Williams Company (NYSE: SHW) is a Fortune 500 company (#266) in the general building materials industry . Headquartered in Cleveland, Sherwin-Williams primarily engages in the manufacturing, distribution, and sale of paints, coatings, and other products related to professional, industrial, commercial, and retail customers primarily in North and South America and Europe . The company is most well-known for its Sherwin-Williams Paints line .
Sherwin-Williams Paint Stores are the exclusive outlets for Sherwin-Williams branded paints, stains, supplies, equipment, and floor covering in the U .S ., Canada, and the Caribbean . The Paint Stores Group serves architectural and industrial painting contractors, residential and commercial builders and re-modelers, property owners and managers, OEM product finishers, and do-it-yourself homeowners . As of December 31, 2014, the company operated 4,003 individual paint stores .
A
InveStMent gRaDeStanDaRD & PooR’S
2014 net InCoMe $866 Million
2014 gRoSS Revenue$11.1 billion
WWW .SHERWIN-WILLIAMS .COM
sherwin-williams | 9
regional map
CHAMPAIGN
INDIANAPOLIS
2 HR 41 MIN169 MILES
CHICAGO
ST LOUIS
1 HR 59 MIN125 MILES
2 HR 31 MIN138 MILES
sherwin-williams | 10
about ChaMPaIgn, Il
Champaign is located in Champaign County, Illinois . At the 2014 census, the population was estimated to be 84,513 . It is the tenth-most populous city in Illinois .
Champaign is located 135 miles south of Chicago, 125 miles west of Indianapolis, Indiana, and 169 miles northeast of St . Louis, Missouri .
Champaign is notable for sharing the campus of the University of Illinois at Urbana-Champaign with its sister city of Urbana . Champaign is also the home of Parkland College, which serves about 18,000 students .
Due to the university and a number of well known technology startup companies, it is often referred to as the hub, or a significant landmark, of the Silicon Prairie .
Champaign houses offices for many Fortune 500 companies such as Abbott, Archer Daniels Midland, Dow Chemical Company, IBM, State Farm, and Science Applications International Corporation .
location
2015 HOUSEHOLD INCOmES
pOpULATION
TOp EmpLOYERS IN CHAmpAIGN
1-Mile 3-Mile 5-Mile
2010 8,976 78,328 134,6772015 9,389 80,751 136,8572020 9,726 83,207 139,921
1-Mile 3-Mile 5-Mile
Average $45,068 $45,224 $59,544
Employer # of Employees*University of Illinois at Urbana-Champaign 10,900Champaign Unit 4 School District 1,378Kraft Foods 1,325Parkland College 1,200*Approximate
Location & Demographics
sherwin-williams | 11
A unique HUMANRESULTS-DRIVEN client experience
the CaPItal PaCIFIC exPeRIenCe - ouR DaIlY CoMMItMent to ouR ClIentS
[ www.CapitalPacific.com ]
bob SanneRbsanner@capitalpacific .com | (415) 274-2717 CA BRE# 00869657
RICK SanneRrsanner@capitalpacific .com | (415) 274-2709 CA BRE# 01792433
John anDReInIjandreini@capitalpacific .com | (415) 274-2715 CA BRE# 01440360
[ Copyright © 2015 Capital Pacific ]
Capital Pacific collaborates . Click here to meet the rest of our San Francisco team .
ChRIS KoStaneCKI
ChRIS PeteRS
Dave luCaS
ZanDY SMIth
JaCK navaRRa
Zeb RIPPleJoe CaCCaMo
gRegg Steele
KaRla ZenS
In conjunction with IL Licensed Broker:Keeler Real Estate, LLC | (312) 263-1010
[ surrounding area retail ]