RETAIL BUILDING FOR SALE OR LEASE AT KEARNEY & GLENSTONE

Investment Overview

SVN is pleased to present this newly re-developed retail center for sale and for lease in a growing retail area of Northeast Springfield. The property recently got a sharp new updated modern exterior look. This retail center is just off of the intersection of Glenstone and Kearney with significant newly developed retailers in the last few years and less than 1/2 mile from the headquarters of Bass Pro Shops (Basecamp). The property receives tax abatement as part of the Kearney Street Redevelopment Plan. Reduced real estate taxes to be locked in for 10 years. The building could be leased to a single tenant with 5,410 SF or building can be divided for 2 to 3 tenants down to a minimum of 1,506 SF with a white-box provided by landlord. Pricing to be dependent on size and other terms. (Square footage does not include full basement)

Investment Highlights

• SALE PRICE: $995,000
• LEASE RATE: $17.00 – $20.00 SF/yr (NNN)
• AVAILABLE SF: 1,506 – 5,410 SF
• ZONING: General Commercial
• BUILDING SIZE: 5,410 SF
• RENOVATED: 2025
• SHADOW-ANCHORED: Walmart & Big Shots Golf
• 5-MILE POPULATION: 120,000+