Acquisition Date: April 2021
Shops of Rantoul is a new development along the busiest retail corridor in Rantoul, Illinois. The development consists of two buildings. The first building is a freestanding Starbucks with Drive Thru and the other is a multitenant building anchored by Jersey Mike’s, Verizon, and Little Caesars. Located at the main and main intersection in town, the property benefits from its close proximity to Interstate-57 and high daily traffic counts on Champaign Ave and Murray Road of approximately 16,700 vehicles per day. The property is surrounded by numerous national and regional tenants including Walmart, Aaron’s, McDonald’s, and Burger King and is at the entrance to town as well as the new regional Rantoul Family Sports Complex (150,000+ Annual Visitors). There are many nationally branded hotels around the property as well including Holiday Inn Express, Super 8, and Magnuson Hotel.