1960 Freedom Pkwy Washington, IL 61571
For Lease
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This 14,000 square foot, single-story Class B retail strip center, built in 2005, offers two available suites ranging from 1,540 to 4,060 square feet (the larger space is divisible to 2,030 square feet). Located in Washington, Illinois, in Tazewell County (zip code 61571), at 1960 Freedom Parkway, this property benefits from a highly visible location as an outparcel to a Walmart Supercenter. Strong co-tenancy includes Menards, Aldi, Kroger, Dollar Tree, and PNC Bank. The property features excellent access with dedicated, signalized turn lanes in all directions, further enhanced by a recently completed road extension connecting Cummings Lane to Freedom Parkway, increasing traffic flow and visibility. The property is zoned C3 and comprises five suites in total within a single building. Attractive leasing incentives are available, including three months free rent for a three-year lease or five months free rent for a five-year lease signed before December 31, 2024. A tenant improvement allowance is also offered. This presents a compelling opportunity for retailers seeking high-traffic exposure in a thriving commercial area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
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