Sangamon Center North 1861-1927 E Sangamon Ave
129,335 SF 98% Leased Retail Building Springfield, IL 62702 $16,695,000 ($129/SF) 7.26% Cap Rate
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INVESTMENT HIGHLIGHTS
- Outlot Lease-up: The property includes a 0.22 (approximately) acre out lot with full visibility and access to E Sangamon Ave, which would be ideal for
- Below Market Rent: The current average rental rate is well below market at only $9.44 psf, which offers a buyer assurance that the property will stay
- QSR Potential: The neighboring property currently underutilizes the adjoining property. There is potential to purchase additional land from that owner
- Limited Market Availability: The current market vacancy rate is 2.02%, in-line with the 3-year average of 2.00%, which offers limited availability for
EXECUTIVE SUMMARY
Please click on the link to get full access to the Property: https://platform.reverecre.com/project/60bc2a04-6654-4553-acdc-4d823ccb077f/outreach
PROPERTY FACTS
AMENITIES
- Bus Line
- Tenant Controlled HVAC
- Air Conditioning
MAJOR TENANTS Click Here to Access
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CVS Health is building a world of health around every consumer. Their unmatched reach allows them to deliver high-quality, affordable health care when and how individuals choose. They are on a mission to deliver superior and more connected experiences, lower the cost of care and improve the health and well-being of those they serve. As a leading health solutions company, they offer multiple channels to access health care locally and nationally. Their strong community presence, tech-forward approach and unmatched engagement with millions of people enabling them to deliver high-quality, personalized, affordable health care. Guided by their purpose, CVS Health® is building an entire world of health care around each and every person they serve, no matter where they are on their journey. They listen, show empathy and deliver innovative solutions that serve people’s unique needs and earn their loyalty. Because how they deliver their services is just as important as what they deliver.
In their 45+ year history, Help at Home, headquartered in Chicago, Illinois, has provided care for individuals, helping them to remain independent and able to live their best lives in their own homes. Their clients have always been like family. As the leading national provider of high-quality, relationship-based home care for seniors and people living with disabilities, they’re uniquely positioned as the home care company of choice. Their person-centered home care services create Great Days and Meaningful Moments for individuals, while also driving high-quality, low-cost outcomes. They provide in-home, community-based care in 13 states and 169 locations with the help of 30,000 highly trained, compassionate caregivers who have relationships with 67,000 clients.
The “plus” is us, i.e., the people of their distribution centers, Michigan-based headquarters, and hundreds of stores. As the nation’s largest independent pet store, they’ve made it their mission to make life easier for pet parents and to create opportunities that make life better for their team members. While pets inspire them, it’s their inclusive work environment and collaborative culture that drive them. As a company, their dedication to the furry, feathered, scaly and finned can be summed up by four core values they call their “Paw Print.” This is their blueprint for success at Pet Supplies Plus and it’s based on the idea that every team member should be neighborly, petcentric, trustworthy and knowledgeable.
Planet Fitness was founded in 1992, in Dover, NH. In the beginning, it operated much like every other gym in its small hometown and catered to the same small percentage of the population in the U.S. who worked out and belonged to a health club. Today, Planet Fitness has become one of the largest and fastest-growing franchisors and operators of fitness centers in the United States by number of members and locations. With more than 2,600 locations in 50 states, the District of Columbia, Puerto Rico, Canada, Panama, Mexico and Australia, Planet Fitness has continued to spread its unique mission of enhancing people’s lives by providing an affordable, high-quality fitness experience in a welcoming, non-intimidating environment.
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Teammates of Schnuck Markets, Inc. have been serving customers a unique combination of quality food, variety and value for more than eight decades. Founded in north St. Louis in 1939, the family-owned grocery company has grown to include stores in five states: Missouri, Illinois, Indiana, Wisconsin and Iowa. With the past as a predictor of the future, Schnuck Markets can count on ongoing growth and change at Schnucks. One thing will never change: their recognition that their customers are their reason for being. Every position in the company exists to help them understand, serve and satisfy their customers.
TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
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Retailer | - | - | Lorem Ipsum | Jan 0000 | |
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Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 | |
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Arts, Entertainment, and Recreation | - | - | Lorem Ipsum | Jan 0000 | |
Rent A Center | Retailer | - | - | Lorem Ipsum | Jan 0000 | |
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SPACE AVAILABILITY
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- SIZE
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Attractive retail or office space for lease in high-traffic, highly visible Sangamon Center North. Space is a 2,722 SF in-line suite located in the freestanding strip mall addition to the center. It features a large open layout with 1 restroom and a storage area. 2022 updates include 2 new HVAC units and newer paint. Great parking, visibility and clean space.
Space | Size | Space Use | Position | Available |
1939 | 2,722 SF | Retail | In-Line | Now |
1939
Size |
2,722 SF |
Space Use |
Retail |
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In-Line |
Available |
Now |
NEARBY MAJOR RETAILERS
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PROPERTY TAXES
Parcel Number | 14-14.0-355-023 | Improvements Assessment | $2,487,606 |
Land Assessment | $722,787 | Total Assessment | $3,210,393 |