7 Brew NNN Ground
For Sale
Contact for pricing
Pending
2599 Wabash Ave, Springfield, IL 62704
Newly built single-tenant coffee property with an absolute NNN ground lease and extended remaining term.
Property Size510 SF
Days on Market16
Property Features for 2599 Wabash Ave
General Information
Standard status
Pending
Size
510 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$110,000
Site & Location
Corner Location
Yes
Anchor Co-Tenants
Michael's, Dick's Sporting Goods, LA Fitness
Traffic Count
53,400 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2025
Buildings
1
Tenancy
Single
Listing Agency:
JLL Chicago | Americas Headquarters
(312) 782-5800
Listed By:
Mohsin Mirza · License #IL 475.189943
Source:
Crexi
Added: Aug 5
Changed: Aug 18
Last Checked: Aug 20 at 11:35AM
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 JLL Chicago | Americas Headquarters
Investment Insights
Based on property information with market context.
Constructed in 2025, this single-tenant 7 Brew property is leased to Brew Horizons LLC under an absolute NNN ground lease. The agreement has 14.2 years remaining, provides 10% rent increases every 5 years, includes six, five-year options, and assigns zero landlord responsibilities.
The property is positioned at the signalized intersection of Veterans Parkway and Wabash Avenue in Springfield, with reported exposure to over 53,400 vehicles per day. It is 1.5 miles from Interstate72 and near the Interstate55/72 interchange. The site operates as an outparcel to White Oaks Mall, which draws over 2.6 million annual visitors and includes Michael's, Dick's Sporting Goods, and LA Fitness. White Oaks Plaza is directly opposite, with 5.1 million annual visitors, while nearby retail centers include Kohl's, Ross, TJ Maxx, Harvest Market, Sam's Club, Lowe's, and Best Buy.
The property is positioned at the signalized intersection of Veterans Parkway and Wabash Avenue in Springfield, with reported exposure to over 53,400 vehicles per day. It is 1.5 miles from Interstate72 and near the Interstate55/72 interchange. The site operates as an outparcel to White Oaks Mall, which draws over 2.6 million annual visitors and includes Michael's, Dick's Sporting Goods, and LA Fitness. White Oaks Plaza is directly opposite, with 5.1 million annual visitors, while nearby retail centers include Kohl's, Ross, TJ Maxx, Harvest Market, Sam's Club, Lowe's, and Best Buy.
Key Highlights
- Absolute NNN ground lease with zero landlord responsibilities
- 14.2 years of remaining lease term
- 10% rent increases every 5 years
Property Analytics
Property Profile
Current Use
Lease Details
53,400 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,048
Businesses Nearby
Explore this area
Business Placement
Demographics for 62704, IL
39,157
Population
20,706
Households
1.9
Avg Household Size
40
Median Age
42%
College-Educated
95%
High-School Grad
12.2 sq mi
ZIP Area
3,210
Density / Sq Mi
$66,352
Median Household Income
$44,793
Median Earnings
$924
Median Rent
$166,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Newly built single-tenant coffee property with an absolute NNN ground lease and extended remaining term.
Where is this nnn property located?
The property is located at 2599 Wabash Ave Springfield, IL.
What is the asking price?
The asking price for this property is $1,760,000.
What are key features of this property?
This property features: Absolute NNN ground lease with zero landlord responsibilities; 14.2 years of remaining lease term; 10% rent increases every 5 years
