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1501 S Dirksen Parkway - Shop 'n Save, Springfield, IL

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1501 S Dirksen Parkway - Shop 'n Save

Springfield, IL 62703-2128


Property Type:Retail Sub Type:Supermarket Status:Existing Year Built:1978
Building Size:46,083 SF Land Area:8.93 AC (388,991 SF)
For Sale Price:$2,655,294 Price/SF:$57.62
Cap Rate:8.90 %
Parking:300 Surface spaces are available; Ratio of 6.8/1,000 SF
Features:Freeway Visibility, Pylon Sign, Signage, Signalized Intersection, Tenant Controlled HVAC


Parcel: 22-01.0-101-021

Sale Notes:
Marcus & Millichap is pleased to present the opportunity to acquire a 46,083 square-foot Shop ' N Save grocery store ( The Property ) located in Springfield, Illinois. The successful Shop N Save grocery is a wholly owned ubsidiary of S&P B+ rated, SuperValu (NYSE: SVU) and has operated at this particular location since 1984. The roperty was built in 1978 and subsequently renovated in 1995. The Property boasts strong gross tenant sales of 657 per square foot. The Property is strategically located in a prominent retail corridor.

The Property sits just 0.5 miles from US Interstate 55 and just 2 miles from US Interstate 72, which both serve as major connectors for the region. The Property dominates the intersection of South Dirksen Parkway and South rand Avenue with impressive street frontage surpassing 1,650 feet. The Property benefits from significant daily traffic volume of 38,200 vehicles per day.

Marcus & Millichap Inc
Brett Chetek
(314) 889-2500




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