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
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
| Parcel Number | 21-13.0-227-018 | Improvements Assessment | $110,818 |
| Land Assessment | $173,172 | Total Assessment | $283,990 |
