Matthews Logo

Navigation Menu

2707 E Sangamon Ave, Springfield, IL, 62702

Dollar Tree

$970,588

Key Information

Cap Rate
8.5%
Tot. SF
11,000
Lot Size
0.93 Acres
Term Remaining
± 7.50 Years
Type
Retail
NOI
$82,500

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 86,134 residents and average household income of $82,841 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, which acquired Family Dollar in 2015, is the second-largest discount retailer in the U.S., operating over 16,000 locations nationwide.
• Tenant outperformed during the COVID-19 pandemic, experiencing notable increases in same-store sales and profitability.
• Investment Grade Credit Tenant – S&P Rated BBB

Photos

Location

Agents

Broker of Record

Matthew M. Fitzgerald

License # 471021676, 478027547 (IL)
Matthews Real Estate Investment Services, Inc
600 W Fulton, Ste 100 Chicago, IL 60661