2939 Veterans Pkwy Springfield, IL 62704
- Lifestyle centers
- 320,933 SF
- 34.88 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 2939 Veterans Pkwy
- Year built
- 1986
- Lot size
- 34.88 lot acres
- Property size
- 320,933 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
White Oaks Plaza, located at 2939 S Veterans Pkwy, Springfield, IL 62704, is a dominant 320,933 square foot regional shopping center. This multi-tenant property boasts 98% occupancy across 28 units within five buildings on a 34.88-acre lot. Built in 1986, the single-story center features 1,622 parking spaces and benefits from a highly visible location on two major Springfield retail arteries, Veterans Parkway and Wabash Avenue, experiencing a combined 53,247 vehicles per day. Major tenants include Kohl's, Petco, US Bank, TJ Maxx, Sephora, and Ulta, with a diverse mix of retail and service businesses providing a comprehensive shopping experience. The property's anchor tenants, including Kohl's + Sephora (97,245 square feet, tenant since 1992) and several TJX Companies banners, account for 58% of the gross leasable area and 50% of revenue. Strong grocery shadow anchors, Harvest Market and Sam's Club, further enhance traffic. The affluent surrounding area, with 48,299 residents and an average household income of $103,555 within three miles, contributes to the center's success. The property's APN is 21-12.0-226-001
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Sangamon
- State
- Illinois
- Longitude
- -89.709
- Latitude
- 39.7654
