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Shopping Strip

Dirksen Shopping Strip

2701 N Dirksen Pkwy, Springfield, IL 62702

Listing Price: $4,100,000

Cap Rate
7.12%
Gross SF
15,680
Rentable SF
15,680
Price/Gross SF
$261.48
Lot Size
2.41 acres
Year Built
2010

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire a 100% fee simple interest in Springfield Commons, (“The Property”),
a Class “A” 15,680 square-foot retail strip center located in Springfield, IL.

Investment Highlights

  • Positioned Directly Across The Street From A Top 20 Percent In The Nation Walmart That Brings In More Than 2.3 Million Annual Visits (According To Placer AI) Driving Constant Traffic Past The Property
  • 75 Percent Of The Property Is Occupied By National Credit Tenants Including Anchor Tenants Aspen Dental, Verizon, And Anytime Fitness
  • Meticulously Maintained With Zero Deferred Maintenance And Features A Modern Façade Along With A Prominent Monument Sign And A Brand-New Roof In 2020, Under Warranty Through 2035
  • 100 Percent Occupied And Has Featured The Same Tenant Line- Up For More Than A Decade. The Tenants Continue To Renew Their Leases Extending The W.A.L.T. To More Than Six Years
  • Strategically Located Between Dominant National Retailers Walmart, Lowe's, Menards, and ALDI With Direct Frontage And Visibility Along North Dirksen Parkway, The Main Retail Thoroughfare In The Springfield Market
  • Population Of 155,000 Within A Ten-Mile Radius With Average Household Incomes Of $78,000

Exclusively Listed By

  • Alex Perez

    First Vice President Investments

    (314) 889-2525

    Email Alex

    License(s): MO: 2000163389 , NE: 20230231, IL: 475199830

    St. Louis

  • Chris Garavaglia

    First Vice President Investments

    (314) 889-2552

    Email Chris

    License(s): MO: 2015042068

    St. Louis

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Shopping Strip

Dirksen Shopping Strip

Listing Price: $4,100,000

Cap Rate
7.12%
Gross SF
15,680
Rentable SF
15,680
Price/Gross SF
$261.48
Lot Size
2.41 acres
Year Built
2010

Investment Highlights

  • Positioned Directly Across The Street From A Top 20 Percent In The Nation Walmart That Brings In More Than 2.3 Million Annual Visits (According To Placer AI) Driving Constant Traffic Past The Property
  • 75 Percent Of The Property Is Occupied By National Credit Tenants Including Anchor Tenants Aspen Dental, Verizon, And Anytime Fitness
  • Meticulously Maintained With Zero Deferred Maintenance And Features A Modern Façade Along With A Prominent Monument Sign And A Brand-New Roof In 2020, Under Warranty Through 2035
  • 100 Percent Occupied And Has Featured The Same Tenant Line- Up For More Than A Decade. The Tenants Continue To Renew Their Leases Extending The W.A.L.T. To More Than Six Years
  • Strategically Located Between Dominant National Retailers Walmart, Lowe's, Menards, and ALDI With Direct Frontage And Visibility Along North Dirksen Parkway, The Main Retail Thoroughfare In The Springfield Market
  • Population Of 155,000 Within A Ten-Mile Radius With Average Household Incomes Of $78,000

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire a 100% fee simple interest in Springfield Commons, (“The Property”), a Class “A” 15,680 square-foot retail strip center located in Springfield, IL.

Exclusively Listed By

  • Alex Perez

    First Vice President Investments

    (314) 889-2525

    Email Alex

    License(s): MO: 2000163389 , NE: 20230231, IL: 475199830

    St. Louis

  • Chris Garavaglia

    First Vice President Investments

    (314) 889-2552

    Email Chris

    License(s): MO: 2015042068

    St. Louis

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

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