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1001 Lejune Dr, Springfield, IL, 62703

Pizza Ranch

$4,139,597

Key Information

Cap Rate
7.75%
Tot. SF
8,976
Lot Size
1.33 Acres
Year Built
2015 / 2024 (R)
Term Remaining
± 9 Years
Type
Retail
NOI
$320,818

Highlights

• Significant 2024 renovation expanded the premises to ±8,976 SF and added Pizza Ranch’s FunZone arcade concept, enhancing the property’s family-oriented entertainment offerings and creating an additional customer draw.
• Tenant exercised a new 10-year lease extension through August 2035, demonstrating a long-term commitment to the location following the recent renovation and FunZone investment.
• According to AlphaMap, this Pizza Ranch location ranks in the top 82nd percentile of among all locations nationwide, demonstrating high foot traffic and strong consumer demand.
• The property is a direct outparcel to a Walmart Supercenter ranked in the top 90% statewide with 2.5M+ annual visitors, providing a significant built-in consumer base and traffic generator.
• Strategically positioned along a heavily traveled commercial corridor with exposure to ±25,000 vehicles per day, providing excellent visibility and convenient access for local consumers.
• Immediate proximity to I-72 (±55,000 VPD), a major east-west interstate traversing Central Illinois, provides strong regional connectivity and convenient access for consumers throughout the greater Springfield area.
• As Illinois’ state capital, Springfield is home to ±115,000 residents and serves as a major center for state government, healthcare, and higher education, anchored by the Illinois State Capitol, Memorial Health, St. John’s Hospital, and the University of Illinois Springfield.
• Centrally positioned between several major Midwest population centers, Springfield is ±85 miles from St. Louis and ±180 miles from both Chicago and Indianapolis, providing proximity to three of the Midwest’s largest metropolitan markets.

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