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AT&T Anchored Two-Tenant Retail Center 2400 W Wabash Ave 10,000 SF 100% Leased Retail Building Springfield, IL 62704 $4,455,499 CAD ($445.55 CAD/SF) 7.05% Cap Rate
INVESTMENT HIGHLIGHTS
- AT&T boasts 15+ years of historical occupancy at the site and is ranked in the 94th percentile by visitation.
- Unused 1,200 SF commercial garage in the rear of the building that can be rented to increase cash flow or utilized by ownership.
- Maintaining strong performance with occupancy levels exceeding 95%.
- Long-term, best-in-class operator who invested north of $250,000 into their space.
- A population of over 108,000 within a 5-mile radius.
- The property is located in Springfield, IL, the state’s political and economic center.
EXECUTIVE SUMMARY
Sands Investment Group is pleased to exclusively offer for sale the corporate guaranteed AT&T anchored two-tenant retail center located at 2400 W Wabash Ave, Springfield, IL. The property features a Triple Net (NNN) Lease with (±) 15 years of the historical occupancy. This asset is positioned off of Wabash Ave, the main retail thoroughfare in Springfield. The property consists of both a strong national and established local tenant and would prove to be an excellent long-term investment opportunity.
In Cooperation With Sands Investment Group Illinois, LLC - Lic. #481013714 BoR: Andrew Ackerman - Lic. IL #471021429
In Cooperation With Sands Investment Group Illinois, LLC - Lic. #481013714 BoR: Andrew Ackerman - Lic. IL #471021429
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,000 SF
Building Class
B
Year Built
2000
Price
$4,455,499 CAD
Price Per SF
$445.55 CAD
Cap Rate
7.05%
NOI
$314,025 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
0.73 AC
Zoning
C
Parking
37 Spaces (3.7 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- AT&T (Corporate)
- Rental and Leasing Services
- 6,000 SF
- $40.12 CAD
- Sep 2028
- Bellagio Nail Lounge
- Rental and Leasing Services
- 2,800 SF
- $29.54 CAD
- Oct 2026
- Commercial Garage
- Retailer
- 1,200 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| AT&T (Corporate) | Rental and Leasing Services | 6,000 SF | $40.12 CAD | Sep 2028 | ||
| Bellagio Nail Lounge | Rental and Leasing Services | 2,800 SF | $29.54 CAD | Oct 2026 | ||
| Commercial Garage | Retailer | 1,200 SF | - | - |
Walk Score®
Very Walkable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 22-07.0-325-018 | Improvements Assessment | $265,943 CAD |
| Land Assessment | $176,423 CAD | Total Assessment | $442,366 CAD |
PROPERTY TAXES
Parcel Number
22-07.0-325-018
Land Assessment
$176,423 CAD
Improvements Assessment
$265,943 CAD
Total Assessment
$442,366 CAD
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AT&T Anchored Two-Tenant Retail Center | 2400 W Wabash Ave
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