Overview

Description

• 19,671 SF fee-simple shopping center situated on 1.88 acres at the signalized intersection of N Grand Ave. (15,600 ADT) & N 5th St. (4,600 ADT)
• Located within the Mid-Illinois Medical District anchored by Springfield Memorial Hospital, HSHS St. John's Hospital, Springfield Clinic, and the internationally acclaimed Southern Illinois University School of Medicine
o 13,000 employees and 4.7 million square feet of healthcare facilities
• Located adjacent to downtown Springfield is the seat of Illinois Government with the State Capitol, numerous State departments and office buildings, and Lincoln historical sites
• Value-add opportunity by leasing current vacancy, increasing below market rents, and converting gross leases to triple net
• Significant recent capital improvements (new roof, LED lighting, and building facade upgrade)
• Dollar Tree and Walgreens anchored service-oriented and internet-resistant tenant line-up
• The tenant lineup has shown strong dedication, as evidenced by their tenured tenancy
• Offering Price $2,280,000

Highlights

• 19,671 SF fee-simple shopping center situated on 1.88 acres at the signalized intersection of N Grand Ave. (15,600 ADT) & N 5th St. (4,600 ADT)
• Located within the Mid-Illinois Medical District anchored by Springfield Memorial Hospital, HSHS St. John's Hospital, Springfield Clinic, and the internationally acclaimed Southern Illinois University School of Medicine
• Located adjacent to downtown Springfield is the seat of Illinois Government with the State Capitol, numerous State departments and office buildings, and Lincoln historical sites
• Value-add opportunity by leasing current vacancy, increasing below market rents, and converting gross leases to triple net
• Significant recent capital improvements (new roof, LED lighting, and building facade upgrade)
• Dollar Tree and Walgreens anchored service-oriented and internet-resistant tenant line-up

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