Main Content
- Request Info
- Full Offering Memorandum
2881 S Veterans Parkway
Agent(s): Kyle Hartung
- Price $1,800,000
- Cap Rate 7.43
- Status For Sale
- Property Type Investment Sales
About This Property
For sale to qualified investors is a dark Red Robin ideally located in the #1 retail trade area serving Springfield, Illinois. After extending their lease in 2021, Red Robin (NASDAQ: RRGB) has nearly 4 years of guaranteed rental remaining in this location - totaling $443,768 remaining as of January 1, 2026. This provides the purchaser with a unique opportunity to both collect rent from a corporate-credit tenant during the re-leasing and marketing period and working to secure a lease buyout in order to assist funding re-tenanting of the property. With an existing 5,800 square foot building on 1 acre of land, the property is a prime candidate for many retail and service uses. Situated directly in front of White Oaks Plaza, featuring Kohl’s, Siera, TJ Maxx, Ulta, Petco, and more, the property is a focal point in this top trade area serving over 200,000 customers in the area. In addition to I-72 access just a few blocks away, surrounding tenants also include the White Oaks Mall, Ross Dress for Less, Best Buy, Barnes & Noble, Academy Sports, Old Navy, Target, Walmart, Hobby Lobby, Chick fil A, Starbucks, Longhorn, Chipotle, Texas Roadhouse, Outback, and many, many more.
Brian Brockman
License #: 471020548
Bang Realty-Illinois, Inc
bor@bangrealty.com
513-898-1551