RE
TA
IL
INV
ES
TM
EN
T
OFFERING MEMORANDUM
COLDWELL BAKER COMMERCIAL DEVONSHIRE REALTY CHAMPAIGN, IL 217.352.7712
BIG BOX FOR SALE
IN PROMINENT
SHOPPING CENTER
301 S. Veterans Pkwy
Normal, IL 61761
PRESENTED BY:
Ryan Murphy, [email protected]
RE
TA
IL
INV
ES
TM
EN
T
COLDWELL BANKER COMMERCIAL DEVONSHIRE REALTY | CHAMPAIGN, IL | 217.352.7712
This Confidential Investment Summary (“CIS”) is provided by Coldwell Banker Commercial Devonshire Realty (“CBCDR”), solely for yourconsideration of the opportunity to acquire the commercial property described herein (the “Property”). This CIS may be used only as statedherein and shall not be used for any other purpose, or in any other manner, without prior written authorization and consent of CBCDR.
This CIS does not constitute or pertain to an offer of a security or an offer of any investment contract. This CIS contains descriptive materials,financial information and other data compiled by CBCDR for the convenience of parties who may be interested in the Property. Suchinformation is not all inclusive and is not represented to include all information that may be material to an evaluation of the acquisition
opportunity presented. CBCDR has not independently verified any of the information contained herein and makes no representations orwarranties of any kind concerning the accuracy or completeness thereof. All summaries and discussions of documentation and/or financialinformation contained herein are qualified in their entirety by reference to the actual documents and/or financial statements, which uponrequest may be made available. An interested party must conduct its own independent investigation and verification of any information theparty deems material to consideration of the opportunity, or otherwise appropriate, without reliance upon CBCDR.
The Property may be financed or withdrawn from the market without notice, and its owner(s) reserve(s) the right to negotiate with anynumber of interested parties at any time. The Property is offered and sold by its owner(s) as is, where is, and with all faults, withoutrepresentation or warranty of any kind except for any customary warranties of title.
BY ACCEPTING THIS CIS, YOU AGREE THAT: (1) all information contained herein, and all other information you have received or mayhereafter receive from CBCDR relating to the Property, whether oral, written or in any other form (collectively, the “Information”), is strictlyconfidential; (2) you will not copy or reproduce, and claim as your own without attribution to CBCDR, all or any part of this CIS or theInformation; (3) upon request by CBCDR at any time, you will return and/or certify your complete destruction of all copies of this CIS and theInformation; (4) for yourself and all your affiliates, officers, employees, representatives, agents and principals, you hereby release and agreeto indemnify and hold harmless CBCDR all of its affiliates, officers, employees, representatives, agents and principals, from and with respectto any and all claims and liabilities arising from or related to the receipt or use of this CIS and/or any other Information concerning the
Property; (5) you will not provide this CIS or any of the Information to any other party unless you first obtain such party’s acceptance andapproval of all terms, conditions, limitations and agreements set forth herein, as being applicable to such party as well as to you; and (6)monetary damages alone will not be an adequate remedy for a violation of these terms and that CBCDR shall be entitled to equitable relief,including, but not limited to, injunctive relief and specific performance, in connection with such a violation and shall not be required to posta bond when obtaining such relief.
CONFIDENTIALITY & RESTRICTED USE AGREEMENT
RE
TA
IL
INV
ES
TM
EN
T
COLDWELL BANKER COMMERCIAL DEVONSHIRE REALTY | CHAMPAIGN, IL | 217.352.7712
THE OFFERING
OVERVIEW
Coldwell Banker Commercial Devonshire Realty (CBCDR) is proud to
exclusively offer for sale the 84,146 SF retail property located at 301 S.
Veterans Parkway in Normal, IL. The property was constructed in 1980 and is
located in the Plaza tract within the Shoppes at College Hills, which provides
great exposure along Veterans Parkway.
The Shoppes at College Hills is located on the corner of Veterans Parkway
(Historic U.S. 66), which is the prominent retail corridor in Bloomington-
Normal, and College Avenue, which connects the open-air shopping
center to Illinois State University (20,635 students and 3,654 faculty & staff).
The center provides a combination of quality national and local retailers
such as Von Maur, Target, Hobby Lobby, Starbucks, Panda Express, T-
Mobile, Logan’s Roadhouse, Beauty Brands, Xfinity, Joe's Station House and
Flat Top Grill.
Bloomington-Normal is the home to State Farm, COUNTRY Financial, Central
Illinois Regional Airport, Illinois State University, Illinois Wesleyan University,
Heartland Community College, Advocate BroMenn Healthcare, OSF St.
Joseph Medical Center and many other nationally-recognized entities.
The building has 79,247 SF available for lease due to Hobby Lobby’s recent
relocation within the center. Enterprise Rent-A-Car, which was founded in
1957 and has approximately 7,200 branches nationwide, has occupied
4,899 SF in the building since 2002. The majority of the space is open with a
clear height of 18’6″, which provides a new user or developer great flexibility
to create their ideal layout. Additionally, the building currently has three
loading docks, a few offices, break room, restrooms and a small mezzanine
for additional storage accessible via elevator, conveyor belt or stairs.
INVESTMENT HIGHLIGHTS
• Prominent Open-Air Shopping Center
• Additional Lot for Development
• Strong National Retailer Interest for
Redevelopment
• Corner of Veterans Pkwy & College Ave
• Close proximity to major retailers and hotels
• Flexible floor plan
PROPERTY OVERVIEW
Purchase Price $1,750,000
Building Size 84,146 SF
Available Space 79,247 SF
Parcels 5
Combined Lot Size 9.93 Acres
(432,551 SF)
RE
TA
IL
INV
ES
TM
EN
T
COLDWELL BANKER COMMERCIAL DEVONSHIRE REALTY | CHAMPAIGN, IL | 217.352.7712
ENTERPRISE LEASE
RENT ROLL LEASE ABSTRACT
Dates Annual Base Rent
1/1/2002 – 12/31/2006 $ 38,400
1/1/2007 – 12/31/2011 $ 44,400
1/1/2012 – 12/31/2016 $ 50,400
1/1/2017 – 12/31/2021 $ 56,400
Tenant Enterprise Rent-A-Car Midwest
Lease Type Net Net
Property Address 301 S. Veterans Pkwy, Normal, IL
Leased Premises 4,899 SF
Building Size 84,146 SF
Lease Commencement January 1, 2002
Lease Expiration December 31, 2021
Renewal Options None Remaining
ROFR/Offer No
Exclusivity Yes
Sublet/Assignment With LL consent unless affiliated entity
Real Estate Taxes Tenant reimbursement
Insurance Tenant reimbursement
Utilities Landlord
Sanitary/Sewer Landlord
HVAC Tenant, but split costs on replacement
Trash/Hauling Landlord
Exterior, Roof & Structure Landlord
Termination Option On-going with 30 days notice
RE
TA
IL
INV
ES
TM
EN
T
COLDWELL BANKER COMMERCIAL DEVONSHIRE REALTY | CHAMPAIGN, IL | 217.352.7712
AERIAL
RE
TA
IL
INV
ES
TM
EN
T
COLDWELL BANKER COMMERCIAL DEVONSHIRE REALTY | CHAMPAIGN, IL | 217.352.7712
SITE PLAN
RE
TA
IL
INV
ES
TM
EN
T
COLDWELL BANKER COMMERCIAL DEVONSHIRE REALTY | CHAMPAIGN, IL | 217.352.7712
SITE PLAN LEGEND
Site Plan # Address Tax Parcel Lot Size (Acres) RE Taxes Building Size (SF)
1 301 S. Veterans 14-26-376-024 7.25 $131,871 84,146
2 Common Drive 14-26-376-027 0.31 $1,601 0
3 Lot 7 14-26-376-031 1.68 $12,598 0
4 Common Parcel 14-26-376-032 0.10 $777 0
5 Common Drive 14-26-376-023 0.59 $2,685 0
TOTAL 9.93 $149,532 84,146
RE
TA
IL
INV
ES
TM
EN
T
COLDWELL BANKER COMMERCIAL DEVONSHIRE REALTY | CHAMPAIGN, IL | 217.352.7712
Floor Plan
RE
TA
IL
INV
ES
TM
EN
T
COLDWELL BANKER COMMERCIAL DEVONSHIRE REALTY | CHAMPAIGN, IL | 217.352.7712
CONTACT INFORMATION
Coldwell Banker Commercial Devonshire Realty201 W. Springfield Ave. | 11th FloorChampaign, IL 61820217.352.7712
Ryan Murphy, [email protected]