5946 E State St - Freestanding FOR SALE


Rockford, IL 61108- East Rockford
$3,500,000 USD
615-473-7731
5946 E State St, Rockford, IL for Sale
$3,500,000 USD
Freestanding - FOR SALE
1/5
null | 6.95% Cap Rate

5946 E State St
Rockford, IL 61108
East Rockford


HIGHLIGHTS

  • Within a five mile radius of the property, there are +/-153,502 people.
  • The traffic count at the site is approximately 33,600/day on E. State St. and 23,000/day on N. Mulford Rd.
  • The property is situated in a highly sought after retail corridor and it sits directly on a hard corner of a 4-way signalized intersection with access
  • The Tenants, The Vitamin Shoppe, Stanton Optical and iCryo are under long term hybrid NNN leases.

OVERVIEW

This center is a prime investment opportunity located at 5946 East State Street, Rockford IL 61108. This modern 9,000 SF standalone retail building, constructed in 2012, boasts high visibility at the bustling intersection of East State Street and North Mulford Road. Anchor tenant The Vitamin Shoppe attracts a steady flow of customers daily, benefitting from 33,600 vehicles passing by on East State Street and 23,000 on North Mulford Road. With a 100% occupancy rate and an NOI of $243,223, this property offers a lucrative investment with a current cap rate of 6.95%. The surrounding demographic profile is strong, with approximately 153,502 people within five miles and high average household incomes, making it an appealing opportunity for investors looking to capitalize on the Rockford market. Don't miss out on this exceptional property with endless potential.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$389 USD /SF

CAP RATE

6.95%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Drug Store, Service Station, Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

1.13 AC

LAND SF

49,223 SF

ZONING

C3

APN/PARCEL ID

12-28-226-009

ASK ABOUT THIS PROPERTY

Mark RobbinsRobbins PropertiesMore Info
615-473-7731

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Mark RobbinsRobbins PropertiesMore Info
615-473-7731

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