2500-2560 Wabash Ave | Springfield, IL 62704
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- LoopNet Team
2500-2560 Wabash Ave
Springfield, IL 62704
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Long Term Leases: No lease expiration until 2029; 8.51 years weighted average lease term
- Credit Worthy Tenancy: Marshalls is S&P ‘A’ Rated (TJX credit) Investment Grade; Burlington is Moody’s rated ‘Ba2'
- "Internet Resistant” & Discount Tenancy: Off-price retailers with resilience to e-commerce
- Newly redeveloped with significant capital invested to the building, parking lot, and tenant improvements
- Dominant Trade Area: Hard Corner and Lighted Intersection, 54,400+ VPD
- Value Add Opportunity: Ability to drive NOI growth by leasing 11K SF vacant suite at market rents
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
80,998 SF
Building Class
B
Year Built/Renovated
1975/2003
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
7.07 AC
Zoning
Commercial
AMENITIES
- Freeway Visibility
- Signage
- Storage Space
- Monument Signage
PROPERTY TAXES
| Parcel Number | 22-07.0-301-038 | Improvements Assessment | $828,849 |
| Land Assessment | $651,844 | Total Assessment | $1,480,693 |
PROPERTY TAXES
Parcel Number
22-07.0-301-038
Land Assessment
$651,844
Improvements Assessment
$828,849
Total Assessment
$1,480,693
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