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2800 SW Plaza Dr
Springfield, IL 62704
Retail Property For Sale


Investment Highlights
- 100% Occupied outparcel retail strip center
- All tenants are NNN leases
- Outparcel to Southwest Plaza Shopping Center with Academy Sports
- Mix of national and regional tenants
- High traffic location - 30,800+ VPD on South Veterans Pkwy
Executive Summary
This 11,973 SF outparcel, situated within the Southwest Plaza Shopping Center and anchored by a new Academy Sports, offers a prime retail opportunity in Springfield's main retail corridor. The property benefits from a strong mix of national and regional tenants, many with a long-standing commitment of over 11 years, including recent renewals by All About Eyes and Mattress Firm, which underscore tenant loyalty to the center. Significant capital improvements, such as a parking lot replacement in 2023, enhance the property’s appeal and functionality. Surrounded by high-profile national retailers—Academy Sports, Walmart, Target, Lowe's, Hobby Lobby, Best Buy, and Kohl's—along with proximity to the super-regional White Oaks Mall, this location boasts high visibility and robust foot traffic, with over 30,800 vehicles passing daily on South Veterans Parkway. Limited availability of small-shop outparcels in this trade area makes this a rare opportunity for investors and retailers seeking strong exposure and growth potential in a bustling commercial zone.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
11,873 SF
Building Class
C
Year Built
2012
Price
$5,544,671 CAD
Price Per SF
$467.00 CAD
Cap Rate
7.75%
NOI
$429,856 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
1.28 AC
Zoning
B1 - High Business Service District
Parking
61 Spaces (5.14 Spaces per 1,000 SF Leased)
Frontage
210’ on Southwest Plaza Drive
Amenities
- Signage
- Signalized Intersection
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
Property Taxes
| Parcel Number | 21-12.0-476-005 | Improvements Assessment | $395,585 CAD |
| Land Assessment | $376,869 CAD | Total Assessment | $772,454 CAD |
Property Taxes
Parcel Number
21-12.0-476-005
Land Assessment
$376,869 CAD
Improvements Assessment
$395,585 CAD
Total Assessment
$772,454 CAD
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