100% Leased Retail Center with Long-Term National & Regional Tenants on High-Visibility Thoroughfare For Sale

InvestmentSaleRetail 12,000 SF
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3422-3432 Freedom Drive
Springfield, IL 62704
Price: $2,600,000
Available Space: 12,000 SF
Lot Size (acre): 1.27 Acres
Zoning: S-2
Tax PIN: 21-13.0-227-008
NOI: $234,305.56
Cap Rate: 9.01%

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Property Description

100% leased retail center located in Parkway Pointe just off high visibility thoroughfare in Springfield, IL.  The site has 28,300 AADT and easy access from Interstate 72.  Walmart, Target, Hobby Lobby, Starbucks, McDonald’s, Portillo’s, Wendy’s, and Aldi are among several neighboring businesses.  Tenants include Papa John’s Pizza, Verizon Wireless, Milan Laser, and FedEx Office.  All tenants are on long-term NNN leases.  Cap Rate = 9.01%

Directions: Veterans Pkwy to Lindbergh Blvd to Freedom Dr. Property is on east side of Freedom.

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