AT&T Anchored Two-Tenant Retail Center - Springfield, IL
Signalized Hard Corner | Thriving Retail Corridor - Springfield, IL
Marketing description
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.
Investment highlights
Corporate Credit: AT&T boasts 15+ years of historical occupancy at the site and is ranked in the 94th percentile by visitation.
Bellagio Nails: Long-term, best-in-class operator who invested north of $250,000 into their space.
Value-Add: Unused 1,200 SF commercial garage in the rear of the building that can be rented to increase cash flow or utilized by ownership.
Population Density: A population of over 108,000 within a 5-mile radius.
Submarket Occupancy: Maintaining strong performance with occupancy levels exceeding 95%.
Capital of Illinois: The property is located in Springfield, IL, the state’s political and economic center.
Optimal Visibility: Grandfathered in Pylon Signage that could not be replicated today along Wabash Ave (39,800 VPD).
Signalized Corner: Hard Corner of the signalized intersection directly facing Chick-fil-A.
Thriving Corridor: Best Location in Springfield, surrounded by national tenants such as Raising Cane’s, Panera Bread, Panda Express, Qdoba, and Chipotle.
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