5701-5777 Godfrey Rd - Storefront FOR SALE


Godfrey, IL 62035
$5,532,929 USD
706-854-6731
5701-5777 Godfrey Rd, Godfrey, IL for Sale
$5,532,929 USD
Storefront - FOR SALE
1/9
null | 7.75% Cap Rate

5701-5777 Godfrey Rd
Godfrey, IL 62035


HIGHLIGHTS

  • Submarket of St. Louis, MO
  • Proximity to Major Traffic Drivers

OVERVIEW

Strong National Tenant Lineup Necessity-based neighborhood center anchored by: Ruler Foods (Kroger Credit) Dollar General Significant Leasing Momentum in past 24 months Five new Leases have been executed since the beginning of 2024 Dollar General exercised their option multiple years early with no Landlord concessions Minimal Risk Exposure with Upside 80% occupied with seven vacant spaces (19,375 SF) offering value-add lease-up potential at market rates Ruler Foods by Kroger ($3.57/SF) and Dollar General ($4.39/SF) paying below-market rents 0.75 AC Outparcel pad available for Build to Suit or re-sale Well-Balanced Tenant Mix Service-based tenant roster (e.g. grocery, salons, gyms, and restaurants), which are internet-resistant and generate repeat customer visits No Tenant represents more than 24% of the GLA, limiting renewal exposure

FOR SALE DETAILS

PRICE

$5,532,929 USD

PRICE/SF

$56 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Monticello Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

481

LAND DETAILS

LAND ACRES

9.51 AC

LAND SF

414,256 SF

ZONING

B-2

APN/PARCEL ID

24-2-01-26-01-107-024,24-2-01-26-01-107-025,24-2-01-26-01-107-026

ASK ABOUT THIS PROPERTY

David RiversThe Palomar GroupMore Info
706-854-6731

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David RiversThe Palomar GroupMore Info
706-854-6731

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