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

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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
$5,637,914 CAD
Price Per SF
$474.85 CAD
Cap Rate
7.75%
NOI
$437,085 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

PROPERTY TAXES

Parcel Number
21-12.0-476-005
Land Assessment
$374,742 CAD
Improvements Assessment
$393,353 CAD
Total Assessment
$768,095 CAD
  • Listing ID: 32320110

  • Date on Market: 2024-07-02

  • Last Updated:

  • Address: 2800 SW Plaza Dr, Springfield, IL 62704

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