2800 Plaza DrSpringfield, IL 62704

This exceptional 11,873 square foot shopping center in Springfield, Illinois, presents a compelling investment opportunity. Located at 2800 Southwest Plaza Drive, this single-story, 2012-built property boasts a strong 7.45% cap rate and a Net Operating Income (NOI) of $281,766. The property features three tenants, all operating under NNN leases, with a healthy 85.07% occupancy rate. National and regional tenants, including All About EYES and Mattress Firm, demonstrate strong commitment, with recent lease renewals. The center benefits from a prime location in a high-traffic retail corridor, surrounded by major national retailers such as Academy Sports, Walmart, Target, Lowe's, Hobby Lobby, Best Buy, and Kohl's, and situated across from the White Oaks Mall. Significant recent capital improvements include a complete parking lot replacement in 2023. The 1.28-acre lot provides ample parking (5.13 spaces per 1,000 sq ft), and the property is zoned B1 High Business Service District. A 1,773 square foot space presents a value-add opportunity. With an asking price of $3,780,000 ($318 per square foot), this property offers a rare chance to acquire a well-positioned, high-performing retail investment in a thriving market. The high traffic count of over 30,800 vehicles per day on South Veterans Parkway further enhances its desirability. This is a turnkey investment with a proven track record and significant upside potential.