Details
Service King in Urbana, IL
802 E Perkins Rd, Urbana, IL
hIGHLIGHTS
Size:25,100 SF
Price:$5,750,000.00
CAP RATE:5.85%
NOI:$336,169.00
PROPERTY
OVERVIEw
DETAILS
InCommercial Property Group is pleased to offer for sale a Service King location in Urbana, Illinois. Service King has recently extended their base term ten (10) years with three (3), five-year renewal options. Leased to one of the premier collision center chains in the country, Service King, the rental escalation features 2% annual rental increases throughout the base term and option periods.
The property can be purchased separately or as a portfolio part of a three property portfolio of Service Kings in Champaign, Urbana, and Crest Hill, IL.