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2707 E Sangamon Ave, Springfield, IL, 62702

DOLLAR TREE
$1,031,250

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Highlights

INVESTMENT HIGHLIGHTS

  • 2017 retrofit for Dollar Tree
  • Dollar Tree recently extended their lease early to a full 10-year term, proving their commitment to the location and market
  • Corporately guaranteed lease
  • Three, 5-Year renewal options all of which include a $.50/SF rent increase
  • 5-Mile population of 88,476 residents
  • Average household income of $69,505 annually
  • Traffic counts exceed +43,000 at the intersection of Dirksen Pkwy & E Sangamon Rd
  • Local retail tenants include Walmart, Lowes McDonald’s, ADLI, Wells Fargo, AARON’s KFC, Wendy’s, and many more
  • Dollar Tree acquires Family Dollar in 2015 and they are considered to be the second largest discount retailer in the United States with more than 16,000 locations
  • Family Dollar is one of the few retailers that thrived through the COVID pandemic and witnessed a sharp increase in same store sales / profitability
  • Investment Grade Credit Tenant – S&P Rated BBB

Location

Agents

Broker of Record

Matthew M. Fitzgerald

License # 478027547 (IL)
Matthews Real Estate Investment Services
1600 West End, Ste. 1500 Nashville, TN 37203

Key Information

Cap Rate
8%
Tot. SF
11,000
Year Built
2000
Term Remaining
±9 Yrs
Type
Retail
NOI
$82,500