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3412 Freedom Dr
Springfield, IL 62704
Starbucks · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • National top-rated corporate tenant - Starbucks Coffee
  • Solid investment with long-term NN+ lease and renewal options without early termination clause
  • Located along strong retail corridor, surrounded by national retailers, shops restaurants and numerous hotels
  • High NOI at 6.39% cap rate starting 03/01/2025
  • Starbucks pays real estate taxes, trash, CAM and insurance
  • Popular and profitable location outperforming other Starbucks shops in the area

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
2,200 SF
Building Class
B
Year Built
2004
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.87 AC
Zoning
C - Improved commercial property in heavily traveled shopping district
Parking
34 Spaces (15.45 Spaces per 1,000 SF Leased)
Frontage
82’ on Freedom Drive

AMENITIES

  • Restaurant
  • Tenant Controlled HVAC
  • Drive Thru

PROPERTY TAXES

  • Listing ID: 29327166

  • Date on Market: 8/21/2023

  • Last Updated:

  • Address: 3412 Freedom Dr, Springfield, IL 62704