FULLY LEASED STRIP CENTER

Shopping Center for Sale
Catylist Listing ID: 30339184
Property Subtypes: Strip Center
Building Size (RSF): 12,000 SF
Gross Building Area: See Agent
Sale Price: $1,875,000
Unit Price: $156.25 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 10/20/2018

Overview / Comments

FULLY LEASED STRIP CENTER WITH GREAT MONTHLY POSITIVE CASH FLOW.
LISTING PRICE REFLECTS & INCLUDES 2 TURNKEY HIGH VOLUME BUSINESSES.
LONG TERM STABLE TENANTS.
EXCELLENT OPPORTUNITY TO ACQUIRE THIS WELL ESTABLISHED STRIP CENTER LOCATED ON A HIGH TRAVELED ROAD FEW MINUTES FROM A MAJOR INTERSTATE.
VERY CLOSE PROXIMITY TO A NEWLY BUILT MAJOR HOSPITAL OPENS IN JANUARY 2019 WILL ADD TO THE PROPERTY VALUE IN THE FUTURE.
GREAT UPSIDE IN THE BUSINESS HAS YET TO COME AFTER THE HOSPITAL GRAND OPENS AND ALSO FUTURE HOME OF THE NEW
COSTCO WHOLESALE CLUB.
REAL ESTATE & ALL FF&E INCLUDED IN THE SALE.
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.
MONTHLY NET INCOME AFTER ALL EXPENSES PAID AROUND
$ 30,000 DOLLARS.

Additional Details

Nearest MSA: Rockford
County: Winnebago
Taxing Authority: LOVES PARK
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 AROUND 300 BED NEW MERCY HOSPITAL WHICH OPENS IN JANUARY 2019. ALSO, INTERSTATE 90 IS FEW BLOCKS FROM THE STRIP CENTER.
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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