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Japan House 2100 W White Oaks Dr 6,500 SF Retail Building Springfield, IL 62704 $1,800,000 ($276.92/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime Location Advantages
- High -Traffic Corridor Near White Oaks Mall, Dense residential and commercial population nearby, Surrounded by national and regional tenants
- Passive income opportunity, low management requirement, income-producing asset from day one
- Prime Stand-Alone Building -Recently Renovated-Ample parking space
- Long-term NNN lease in place, Predictable stable cash flow
- Strong redevlopment potential
EXECUTIVE SUMMARY
2100 W White Oaks Dr, Springfield, IL 62704
Former TGI Fridays | Currently Japan House – All-You-Can-Eat Sushi
Offered at a 7% Cap Rate | Over $800,000 in Recent Renovations
This is a rare opportunity to acquire a fully stabilized, income-producing restaurant property located in one of Springfield’s most active retail corridors. Formerly a TGI Fridays and now operating as Japan House – All-You-Can-Eat Sushi, the building was completely renovated in 2022 with over $800,000 invested in upgrades, making it a true turnkey investment.
The property sits along the high-traffic White Oaks retail corridor, directly adjacent to White Oaks Mall, and is surrounded by national retailers, restaurants, and major commercial anchors. It benefits from excellent visibility, easy access, strong signage exposure, and consistent day and evening traffic.
A long-term tenant is in place with approximately 5 years remaining on the lease, providing stable and predictable income at a 7% cap rate. The lease also includes renewal options. This makes the property an ideal fit for 1031 exchange buyers, passive investors, or owner-operators seeking an income-generating asset in a prime location.
The building features a full-service restaurant build-out, upgraded kitchen infrastructure, ample dine-in seating, and generous on-site parking. The flexible layout allows for continued restaurant use or future conversion to other retail, medical, or commercial concepts.
Investment Highlights:
7% cap rate
Over $800,000 in renovations completed in 2021
Former TGI Fridays – well-known, proven restaurant site
Established tenant in place with long-term lease
Located next to White Oaks Mall
High visibility, heavy traffic area
Turnkey, income-producing property
Strong upside and redevelopment potential
Ideal for 1031 exchange or passive investors
This is a unique chance to secure a fully renovated restaurant property with stable income in one of Springfield’s strongest retail zones.
Former TGI Fridays | Currently Japan House – All-You-Can-Eat Sushi
Offered at a 7% Cap Rate | Over $800,000 in Recent Renovations
This is a rare opportunity to acquire a fully stabilized, income-producing restaurant property located in one of Springfield’s most active retail corridors. Formerly a TGI Fridays and now operating as Japan House – All-You-Can-Eat Sushi, the building was completely renovated in 2022 with over $800,000 invested in upgrades, making it a true turnkey investment.
The property sits along the high-traffic White Oaks retail corridor, directly adjacent to White Oaks Mall, and is surrounded by national retailers, restaurants, and major commercial anchors. It benefits from excellent visibility, easy access, strong signage exposure, and consistent day and evening traffic.
A long-term tenant is in place with approximately 5 years remaining on the lease, providing stable and predictable income at a 7% cap rate. The lease also includes renewal options. This makes the property an ideal fit for 1031 exchange buyers, passive investors, or owner-operators seeking an income-generating asset in a prime location.
The building features a full-service restaurant build-out, upgraded kitchen infrastructure, ample dine-in seating, and generous on-site parking. The flexible layout allows for continued restaurant use or future conversion to other retail, medical, or commercial concepts.
Investment Highlights:
7% cap rate
Over $800,000 in renovations completed in 2021
Former TGI Fridays – well-known, proven restaurant site
Established tenant in place with long-term lease
Located next to White Oaks Mall
High visibility, heavy traffic area
Turnkey, income-producing property
Strong upside and redevelopment potential
Ideal for 1031 exchange or passive investors
This is a unique chance to secure a fully renovated restaurant property with stable income in one of Springfield’s strongest retail zones.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,500 SF
Building Class
B
Year Built/Renovated
1994/2022
Price
$1,800,000
Price Per SF
$276.92
Cap Rate
7%
NOI
$126,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
2.20 AC
Zoning
S-2 - Community Shopping and Office District
Parking
140 Spaces (10 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Restaurant
- Signalized Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 21-01.0-477-013 | Improvements Assessment | $244,604 |
| Land Assessment | $226,770 | Total Assessment | $471,374 |
PROPERTY TAXES
Parcel Number
21-01.0-477-013
Land Assessment
$226,770
Improvements Assessment
$244,604
Total Assessment
$471,374
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Japan House | 2100 W White Oaks Dr
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