Double-Lane Drive-Through
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For Sale
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3100 W White Oaks Drive, Springfield, IL 62704
The 2023-built, single-tenant property is leased under an absolute NNN structure.
Property SizeContact for details
Days on Market4
Property Features for 3100 W White Oaks Drive
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
ParaSell Inc
Listed By:
Scott Reid · License #9009637
(949) 942-6585
Source:
Crexi
Added: Sep 23
Changed: Sep 26
Last Checked: Sep 26 at 3:18PM
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 ParaSell Inc
Investment Insights
Based on property information with market context.
Built in 2023 to Raising Cane’s prototype, this single-tenant restaurant features a high-capacity, double-lane drive-through. Raising Cane’s Restaurants, L.L.C. occupies the property under an absolute NNN lease, with approximately 11.5 years of firm term through March 2038. Five 5-year renewal options could extend the lease through March 2063. Contractual rent increases are 10% every five years.
The property is an outparcel to Southwest Plaza, a 370,000 SF shopping center with Academy Sports, Best Buy, Ross, PetSmart, DSW, and Barnes & Noble. It sits near the signalized Wabash Avenue and White Oaks Drive intersection. Traffic counts nearby reach approximately 32,000 VPD at Wabash Avenue and Route 4/Veterans Parkway. White Oaks Mall and White Oaks Plaza together record 9.8 million annual visits, per Placer.ai.
The property is an outparcel to Southwest Plaza, a 370,000 SF shopping center with Academy Sports, Best Buy, Ross, PetSmart, DSW, and Barnes & Noble. It sits near the signalized Wabash Avenue and White Oaks Drive intersection. Traffic counts nearby reach approximately 32,000 VPD at Wabash Avenue and Route 4/Veterans Parkway. White Oaks Mall and White Oaks Plaza together record 9.8 million annual visits, per Placer.ai.
Key Highlights
- 2023 construction featuring a high‑capacity, double‑lane drive‑through
- Single tenant: Raising Cane’s Restaurants, L.L.C.
- Absolute NNN lease with approximately 11.5 years of firm term through March 2038
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,060
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
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - The 2023-built, single-tenant property is leased under an absolute NNN structure.
Where is this drive through restaurant located?
The property is located at 3100 W White Oaks Drive Springfield, IL.
What is the asking price?
The asking price for this property is $2,577,000.
What are key features of this property?
This property features: 2023 construction featuring a high‑capacity, double‑lane drive‑through; Single tenant: Raising Cane’s Restaurants, L.L.C.; Absolute NNN lease with approximately 11.5 years of firm term through March 2038
