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Dollar Tree 2707 E Sangamon Ave 11,000 SF Retail Building Springfield, IL 62702 $1,000,000 ($90.91/SF) 8.25% Cap Rate
Investment Highlights
- 2017 retrofit for Dollar Tree
- Corporately guaranteed lease
- 5-Mile population of 86,134 residents and average household income of $82,841 annually
- Dollar Tree recently extended their lease early to a full 10-year term, proving their commitment to the location and market
- Three, 5-Year renewal options all of which include a $.50/SF rent increase
- Traffic counts exceed +43,000 at the intersection of Dirksen Pkwy & E Sangamon Rd
Executive Summary
Broker of Record
Matthew M. Fitzgerald
License No. 478027547 (IL)
(866) 889-0550
Matthews Real Estate Investment Services
1600 West End,
Ste. 1500 Nashville, TN 37203
Matthew M. Fitzgerald
License No. 478027547 (IL)
(866) 889-0550
Matthews Real Estate Investment Services
1600 West End,
Ste. 1500 Nashville, TN 37203
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
11,000 SF
Building Class
C
Year Built
2000
Price
$1,000,000
Price Per SF
$90.91
Cap Rate
8.25%
NOI
$82,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.24 AC
Zoning
S-2 - Commercial
Frontage
277’ on E Sangamon Ave
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Dollar Tree
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Dollar Tree | Retailer | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
1 of 4
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Dollar Tree | 2707 E Sangamon Ave
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