Walmart-Anchored Outlot For Lease

LeaseRestaurantRetail 5,500 SF

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Property Highlights

3335 S. Veterans Pkwy
Springfield, IL 62704

Lease Price: $20.00/SF

Lease Type: Absolute NNN

Available Space: 5,500 SF

Lot Size (acre): 0.98 AC

Parking: 1/100 SF

Zoning: S-2

Year Built: 1992

Documents

Offering Memorandum

Property Description

Coldwell Banker Commercial Devonshire Realty (CBCDR) is proud to exclusively offer this former Walmart-Anchored Outlot for Lease. The Landlord would consider leasing the property as a second-generation restaurant, a retrofit, a build-to-suit, and/or a ground lease.

The property is a former Applebee’s restaurant consisting of a large kitchen, customer seating in multiple dining areas and a bar area, and two ADA-compliant restrooms. The kitchen contains a 10’ heat capture hood ventilation system, a 10’ grease hood ventilation system, 1-7’ x 7’ walk-in beer cooler, 1-17.5’ x 7’ walk-in cooler, and 1-10’ x 7’ walk-in freezer. Also, there is a 3-compartment sink, a vegetable prep sink, 2 handwashing sinks, a dishwashing tank, and various other fixtures and equipment. The bar contains a 4-bowl underbar sink, 2 ice chests, 2 cooler-freezers, and a handwashing sink.

Location Description

The property is located in the Parkway Pointe Development on the southwest side of Springfield. Veterans Pkwy carries 30,300 AADT and Lindbergh Blvd carries 17,400 AADT for a combined 47,700 AADT along this hard signalized corner. It is minutes away from Interstate 72 and several large residential neighborhoods. Nearby attractions include Walmart, Target, Hobby Lobby, Starbucks, McDonald’s, Portillo’s, Wendy’s, Aldi, and many others.

Area Description

Springfield is the capital of Illinois. It is located in central Illinois and is accessed by both Interstate 55 and Interstate 72. It is approximately 202 miles southwest of Chicago and 92 miles northeast of St. Louis. The historic US Route 66 crosses Illinois from Chicago to East St. Louis, which includes Springfield.

Map

201 W Springfield Ave, 11th floor Champaign, IL 61820 | 217-352-7712

www.CBCDR.com

The information found within this brochure is for informational purposes only, and is not audited, warranted or in any fashion guaranteed by Coldwell Banker Commercial Devonshire Realty. It is subject to verification and no liability for errors or omissions is assumed. Notice of Agency: Coldwell Banker Commercial Devonshire Realty is the exclusive agent for the seller/lessor and therefore represents the seller/lessor, unless expressed otherwise in writing with the parties to a transaction.