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Walgreens-Anchored Strip Center
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6-20 East Springfield Road, Sullivan, MO 63080

Two-tenant retail property with a national pharmacy anchor and adjacent space for lease-up.

Property SizeContact for details
Days on Market143

Property Features for 6-20 East Springfield Road

General Information

Standard status Active
Property subtype Retail

Site & Location

Corner Location Yes
Anchor Co-Tenants Walgreens

Building Details

Tenancy Multi
Listing Agency: Syndicated Equities
Listed By: Katie Donovan · License #IL 475.207775
Source: Crexi
Added: Apr 10 Changed: Aug 30 Last Checked: Aug 30 at 8:25AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Syndicated Equities

Investment Insights

Based on property information with market context.

This two-tenant strip center is anchored by Walgreens, which has occupied the property since 2012 under a 15-year lease. The second space is occupied by Sunflower Cottage, an antiques and home décor retailer, with its lease expiring in 2020. The property offers an established pharmacy tenancy alongside additional retail space whose lease status creates an opportunity for a new occupant.

The center is located at the intersection of East Springfield Road and North Church Street in Sullivan, directly across from First State Community Bank. A concentration of national retailers lies immediately to the north, including Lowe's, Walmart, Starbucks, Aldi, AT&T, Hibbett Sports, O'Reilly Auto Parts, Dollar Tree, McDonald's, and other operators. Interstate 44 is approximately half a mile north, with several hotels located in the surrounding area. No other Walgreens is located within an 18-mile radius of Sullivan.

Key Highlights

  • Walgreens has occupied the property since 2012 under a 15‑year lease
  • Two‑tenant strip center with Walgreens and Sunflower Cottage
  • Sunflower Cottage lease expiration is stated as 2020

Property Analytics

Current Use

Strip malls

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Skin Care Clinic Law Firm Garden Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

597
Businesses Nearby

Demographics for 63080, MO

13,554
Population
6,460
Households
2.1
Avg Household Size
42
Median Age
19%
College-Educated
90%
High-School Grad
248.8 sq mi
ZIP Area
54
Density / Sq Mi
$60,862
Median Household Income
$42,679
Median Earnings
$863
Median Rent
$169,000
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Strip mall - Two-tenant retail property with a national pharmacy anchor and adjacent space for lease-up.
Where is this strip mall located?
The property is located at 6-20 East Springfield Road Sullivan, MO.
What are key features of this property?
This property features: Walgreens has occupied the property since 2012 under a 15‑year lease; Two‑tenant strip center with Walgreens and Sunflower Cottage; Sunflower Cottage lease expiration is stated as 2020
More about this property
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