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.
Dirksen Shopping Strip
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
Broker of Record
-
Steven D. Weinstock
Senior Vice President/Regional Manager
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
Broker of Record
-
Steven D. Weinstock
Senior Vice President/Regional Manager
