2206 Barnes Blvd - Supermarket FOR SALE


Rockford, IL 61112- Outer South Rockford
$7,433,800 USD
703-477-1315
2206 Barnes Blvd, Rockford, IL for Sale
$7,433,800 USD
Supermarket - FOR SALE
1/20
null | 6.4% Cap Rate

2206 Barnes Blvd
Rockford, IL 61112
Outer South Rockford


HIGHLIGHTS

  • Part of the larger Schnucks Portfolio (8 Assets in MO & IL) - Seller is encouraging individual and portfolio offers.
  • Excellent Access & Visibility along Barnes Boulevard, just feet from South Perryville Road (19,900 VPD).
  • Less than 1 Mile west of Interstate 39 (50,900 VPD).
  • Immediately adjacent to the 800,000 SF CherryVale Mall (JCPenney, Macy's, Choice Furniture & Mattress, Barnes & Noble, H&M, American Eagle, etc.).
  • Includes a Gas Station with 3 pumps.
  • Rockford, IL MSA (MSA Population: 332,453+)

OVERVIEW

The CBRE Net Lease Property Group is pleased to offer for sale the 58,236-square-foot Schnucks grocery store positioned on 8.54 acres in Rockford, IL (MSA Population: 332,453+). Schnucks absolute NNN lease has ±11.5 years of term remaining with 5% rent increases every 5 years and in each of the eight, 5-year renewal options. The property is part of the larger Schnucks Portfolio, which consists of eight assets in Missouri and Illinois. The seller is highly encouraging individual and portfolio offers.

FOR SALE DETAILS

PRICE

$7,433,800 USD

PRICE/SF

$139 USD /SF

CAP RATE

6.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Schnucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

380

LAND DETAILS

LAND ACRES

8.54 AC

LAND SF

372,002 SF

ZONING

-

APN/PARCEL ID

12-35-303-001,12-35-303-002,12-35-303-003

ASK ABOUT THIS PROPERTY

Thomas CarrCBREMore Info
703-477-1315

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Thomas CarrCBREMore Info
703-477-1315

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.