3425 Freedom Dr - Retail FOR SALE


Springfield, IL 62704
$4,950,000 USD
630-954-7398
3425 Freedom Dr, Springfield, IL for Sale
$4,950,000 USD
Retail - FOR SALE
1/9
null | 6.5% Cap Rate

3425 Freedom Dr
Springfield, IL 62704


HIGHLIGHTS

  • DESIRABLE LONG-TERM LEASES I 9.4 YEAR WALT
  • INLINE WITHIN WALMART AND TARGET ANCHORED CENTER
  • MOST VISITED SHOPPING CENTER IN SPRINGFIELD I 6 MILLION ANNUAL VISITS
  • STRONG DEMOGRAPHIC PROFILE
  • IRREPLACEABLE LOCATION

OVERVIEW

ALDI and Eyemart Express enjoy an ideal positioning at the heart of the White Oaks Trade area, a dense retail corridor located along Veterans Parkway that is the main shopping destination for residents of Springfield and surrounding communities. The trade area is anchored by Simon Mall’s 930,000 square-foot White Oaks Mall, which features, Macy’s, Dick’s, Sporting Goods, H&M, Michaels, Esporta Fitness, Cooper’s Hawk Winery & Restaurant, and other specialty shops. Simon is in the process of redeveloping the mall and recently sold the former Sears box to the state of Illinois, who will use the space for offices for multiple state agencies following a complete interior and exterior renovation. The trade area is also home to traffic driving tenants that include TJ Maxx, Burlington, Marshalls, Binny’s Beverage Depot, Best Buy, Harvest Market, and others. Contemporary dining and fast-casual restaurant concepts in the area include Chick-fil-A, Portillo’s, Raising Cane’s, CoreLife Eatery, Mission BBQ, Chipotle, and others.

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$202 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Aldi & Eyemart Express at Parkway Pointe

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

21-13.0-228-034

ASK ABOUT THIS PROPERTY

George GhattasMid-America Real Estate Corp.More Info
630-954-7398

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George GhattasMid-America Real Estate Corp.More Info
630-954-7398

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.