Capital City Shopping Center

3101 South Dirksen Parkway, Springfield, IL

$4,560,000

Price

8%

Cap Rate

$4,560,000

NOI

Gallery
Street
Map
Overview
Cap Rate
8%
NOI
$4,560,000
Occupancy
93%
Year Built
1964, renovated 1987 & 2019
Tenancy
Multiple
Investment Strategy
Value Add
Description

Mid-America Real Estate Corporation has been retained by the owner to sell the 100% fee simple interest in Capital City Shopping Center, a 93% leased center anchored by Big Lots, Dollar Tree, and Five Below situated in densely populated Springfield, Illinois.

Highlights
  • COMPLEMENTARY TENANT LINE-UP
  • STRONG DAYTIME POPULATION
  • SHADOW ANCHOR DRAWING POWER
  • IRREPLACEABLE LOCATION
  • RECENT LEASING VELOCITY
  • DENSE UPPER MIDDLE CLASS DEMOGRAPHIC PROFILE
  • VALUE ENHANCEMENT OPPORTUNITY
Documents
Title
Capital_City_Shopping_Center_Flyer.pdf
View
Capital_City_Shopping_Center_OM.pdf
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Location
Gallery