3620 Borgen DrDanville, IL 61834

For Sale

High-yield, net-leased industrial property.

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents a brand-new, 217,323-square-foot distribution facility in Danville, Illinois. Completed in September 2022, the building is fully leased to FedEx Ground Package System, Inc. under a 10-year net lease commencing September 30, 2022, and expiring September 30, 2032. The lease includes a 5% rent increase in year six and two 5-year renewal options. The property boasts 44 dock-high doors, a 32-foot ceiling height, and ample parking for 514 vehicles. Situated on a 45.41-acre lot, the single-tenant building generates a substantial net operating income (NOI) of $2,429,427. The tenant is responsible for all operating expenses except roof and structural maintenance and repairs. This investment offers a secure, long-term lease with a financially strong, investment-grade tenant, making it an attractive addition to any portfolio. The property also offers potential for future expansion both within the existing building and on the site. The strategic location in Danville, Illinois, benefits from a robust agricultural economy and proximity to major universities, including the University of Illinois and Purdue University. This is a rare opportunity to acquire a high-quality, income-producing asset with a blue-chip tenant.

Highlights

  • Long-Term Lease in Place
  • FedEx Ground as a Credit Tenant
  • Multiple Global Manufacturers & Distributors Nearby in Danville, IL
  • Strong Agricultural Base Supporting Local Economy
  • Proximity to University of Illinois & Purdue University
  • Building Offers 2x Operational Expansion Capacity

Property Details for 3620 Borgen Dr

Property type
Other industrial properties, Distribution properties
Square Feet
217,323 SF
Year Built
2022
Buildings
1
Lot Size (sq. ft)
1,978,060 SF

Location Insight

City
Danville
County
Vermilion
State
Illinois
Latitude
40.1053934
Longitude
-87.5382805
3620 Borgen Dr, Danville, Illinois

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3620 Borgen Dr
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