Shopping Community
Kent Plaza
2719 S 6th St, Springfield, IL 62703
Listing Price: $7,220,000
Cap Rate
8.11%
Gross SF
94,260
Rentable SF
94,260
Price/Gross SF
$76.60
Lot Size
9.42 acres
Year Built
1988
Investment Overview
Marcus & Millichap is pleased to present for sale, Kent Plaza, located in Springfield, Illinois.
Kent Plaza
Investment Highlights
- 90 Percent Occupied, 94,260-Square-Foot O'Reilly Auto and Ollie's Anchored Community Shopping Center
- 1.5 Miles to Walmart and ALDI |Both #1-in-Chain Stores within 50-Mile Radius
- Three Miles to University of Illinois Springfield (4,661 Students, #1 Public Regional University in IL); 4.5 Miles to Lincoln Land Community College (5,238 Students)
- Upside From 10 Percent of Vacant Gross Leasable Area | $126,000 of Projected Income/Net Operating Income Upside
- Adjacent to 43,000 Vehicles per Day Signalized Intersection | 1.5 Miles to I-55/I-72 Highway Exits with 86,000 Combined Vehicles per Day
Listing Price: $7,220,000
Cap Rate
8.11%
Gross SF
94,260
Rentable SF
94,260
Price/Gross SF
$76.60
Lot Size
9.42 acres
Year Built
1988
Investment Highlights
- 90 Percent Occupied, 94,260-Square-Foot O'Reilly Auto and Ollie's Anchored Community Shopping Center
- 1.5 Miles to Walmart and ALDI |Both #1-in-Chain Stores within 50-Mile Radius
- Three Miles to University of Illinois Springfield (4,661 Students, #1 Public Regional University in IL); 4.5 Miles to Lincoln Land Community College (5,238 Students)
- Upside From 10 Percent of Vacant Gross Leasable Area | $126,000 of Projected Income/Net Operating Income Upside
- Adjacent to 43,000 Vehicles per Day Signalized Intersection | 1.5 Miles to I-55/I-72 Highway Exits with 86,000 Combined Vehicles per Day
Investment Overview
Marcus & Millichap is pleased to present for sale, Kent Plaza, located in Springfield, Illinois.
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