Retail Strip Center with Medical
For Sale
Contact for pricing
Pending
2936 S 6th St, Springfield, IL 62703
Renovated multi-tenant retail center with a medical anchor and net-lease structure.
Property Size11,054 SF
Lot Size1.27 Acres
Days on Market143
Property Features for 2936 S 6th St
General Information
Standard status
Pending
Size
11,054 SF
Lot size
1.27 Acres
Property subtype
Retail
Site & Location
Anchor Co-Tenants
DaVita, Inc.
Traffic Count
29,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1997
Buildings
1
Building Size
11,054 SF
Tenancy
Multi
Owner Occupied
Yes
Listing Agency:
Northmarq Capital, LLC
Listed By:
Scott Briggs · License #OK 160500
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 31 at 12:22AM
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 Northmarq Capital, LLC
Investment Insights
Based on property information with market context.
This multi-tenant retail strip center comprises 11,054 SF on 1.27 acres and was constructed in 1997. The medical anchor has occupied its space since 2012 and recently completed substantial work within the premises and throughout the common areas, including replacement of the roof. Major occupants have also extended their leases, supporting almost seven years of weighted average lease term remaining as of closing.
The property fronts South Sixth Street, which carries 29k VPD, between Adlai Stevenson Drive at 22k VPD and Sanford Avenue at 16k VPD. Interstate 72/55, with 54k VPD, is immediately south of the center. The proposed sale-leaseback includes an initial 10-year lease, three 5-year renewal options, and 10% rental increases every 5 years. DaVita, Inc. unconditionally guarantees its lease.
The property fronts South Sixth Street, which carries 29k VPD, between Adlai Stevenson Drive at 22k VPD and Sanford Avenue at 16k VPD. Interstate 72/55, with 54k VPD, is immediately south of the center. The proposed sale-leaseback includes an initial 10-year lease, three 5-year renewal options, and 10% rental increases every 5 years. DaVita, Inc. unconditionally guarantees its lease.
Key Highlights
- 1.27 acres with an 11,054‑SF multi‑tenant retail strip center
- Medical anchor has occupied its space since 2012
- Recent renovation covered the anchor space and common areas, including roof replacement
Property Analytics
Property Profile
Current Use
Lease Details
29,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
580
Businesses Nearby
Explore this area
Business Placement
Demographics for 62703, IL
28,344
Population
14,320
Households
2
Avg Household Size
37
Median Age
21%
College-Educated
85%
High-School Grad
14.9 sq mi
ZIP Area
1,902
Density / Sq Mi
$44,580
Median Household Income
$36,345
Median Earnings
$971
Median Rent
$93,100
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Renovated multi-tenant retail center with a medical anchor and net-lease structure.
Where is this strip mall located?
The property is located at 2936 S 6th St Springfield, IL.
What are key features of this property?
This property features: 1.27 acres with an 11,054‑SF multi‑tenant retail strip center; Medical anchor has occupied its space since 2012; Recent renovation covered the anchor space and common areas, including roof replacement
