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Marketplace of Rockford | Grocery Anchored

Marketplace of Rockford | Grocery Anchored

5830 East State Street
Rockford, Illinois


price: $12,840,000

gla: 214,219 SF

cap: 8.75%

lot: 18.00 Acres

built: 1971 | 2012 | 2017

noi: $1,123,419

  • Grocery Anchored by Valli Produce | Leased Through January 2027 | Strong Regional Grocer | Extremely Low Rent-to-Sales Ratio
  • Co-Anchored by Party City (NYSE: PRTY) | $2.37 Billion in Revenue | Over 900 Stores | Global Leader in Party Goods Sector | Leased Through January 2028
  • Tremendous Opportunity to Add Value by Raising the Old Time Pottery Space to Market Rent (No Option Periods Remaining) | Ability to Lease Up Remaining 5,406 Square Feet of Vacant Space
  • Long Term Tenant History | Six Tenants With Leases Starting Between 1987 to 1999
  • Located in the Heart of Rockford’s State Street Retail Corridor | Surrounded by Leading Retailers Including Walmart, Target, The Home Depot, Lowes, Dick’s Sporting Goods and Many More
  • Fundamentally Sound Real Estate | Low Price per Square Foot ($61.55) | High Visibility Site with 1,100 Feet of Combined Frontage | Over 18 Acre Site with Abundant Parking (912 Surface Spaces)
  • Opportunity to Assume Loan with Below Market Interest Rate of 4.605 Percent | 30 Year Amortization with 5.5 Years of Term Remaining
  • Third Largest City in Illinois | Largest City Outside the Chicago MSA
  • Excellent Demographics | Population of 63,584 Within Three Miles of Subject Property | Anticipated 2.5 Percent Population Increase by 2023
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Adrian Mendoza
First Vice President Investments

Tel: (630) 570-2163
Adrian.Mendoza@marcusmillichap.com

* Broker of Record: Steven Weinstock