SHOPPING CENTER WITH BUILT-IN BUSINESS FOR SALE

Shopping Center for Sale
Catylist Listing ID: 30339184
Property Subtypes: Strip Center
Building Size (RSF): 11,400 SF
Gross Building Area: See Agent
Sale Price: $1,875,000
Unit Price: $164.47 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Business
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 9/11/2019

Overview / Comments

SHOPPING CENTER FOR SALE WITH BUILT-IN BUSINESS .
100% OCCUPIED STRIP CENTER WITH GREAT MONTHLY CASH FLOW.
LONG TERM STABLE TENANTS.LOCATED FEW MINUTES FROM I-90.
CLOSE PROXIMITY TO THE NEWLY BUILT MERCY HOSPITAL AND COSTCO WHOLESALE CLUB WHICH ADDS GREAT VALUE TO THE PROPERTY.
PRICE INCLUDES THE RESTAURANT BUSINESS AND ALL THE TRADE FIXTURES AND EQUIPMENT.
THE CURRENT OWNER WILL LEASEBACK THE RESTAURANT IF NEEDED.
ASK FOR DETAILS.
SITE OFFERS OUTSTANDING FRONTAGE, HIGH VISIBILITY AND EASY ACCESS TO THE PROPERTY. AMPLE PARKING. GREAT SIGNAGE.
DENSELY POPULATED DYNAMIC TRADE AREA WITH STRONG OUTSTANDING DEMOGRAPHICS.

MOTIVATED SELLER!!

Current Tenants

Tenant Business Name 640 MEAT COMPANY
Is Renting? Yes
SF of Space Occupied 2,700 SF
Current Rent $3,750 PSF (Annual)
Tenant Business Name RUDY'S CIGAR
Is Renting? Yes
SF of Space Occupied 1,000 SF
Current Rent $1,350 PSF (Annual)
Tenant Business Name HOUSE OF INDIA
Is Renting? Yes
SF of Space Occupied 4,800 SF
Current Rent $5,800 PSF (Annual)
Tenant Business Name BULL PEN SPORTS BAR
Is Renting? Yes
SF of Space Occupied 2,000 SF
Current Rent $2,800 PSF (Annual)
Tenant Business Name KINGS SLOTS
Is Renting? Yes
SF of Space Occupied 900 SF
Current Rent $1,200 PSF (Annual)

Additional Details

Nearest MSA: Rockford
County: Winnebago
Taxing Authority: LOVES PARK
Tax ID/APN: 1203177015
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Casino
Property Located Between: LOCATED ON RIVERSIDE BETWEEN MULFORD AND I-90
Property Visibility: Excellent
Largest Nearby Street: INTERSTATE 90
Highway Access: INTERSTATE 90 WITHIN FEW BLOCKS FROM THE PROPERTY
Airports: CHICAGO -ROCKFORD AIRPORT
Site Description: THIS STRIP CENTER IS LOCATED VERY CLOSE PROXIMITY TO NEW MERCY HOSPITAL AND NEWLY BUILT COSTCO WHOLESALE CLUB.
Area Description: THE STRIP CENTER SITS IN THE HEART OF A VERY BUSY BUSINESS DISTRICT WITH DIFFERENT DEMOGRAPHICS.
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Renovated: 2018
Construction/Siding: Brick
Parking Type: Surface
Parking Description: AMPLE PARKING FOR ALL BUSINESSES
Heat Type: Electricity, Natural Gas
Heat Source: Central
Internet Access: Cable, Satellite
Zoning Description: COMMERCIAL
Easements Description: NONE
Land Ownership: OWNED

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,884 56,413 152,909
Median Age: 44.27 43.43 40.18
Households: 2,399 23,329 61,477
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