847-780-8063
7143 E State St, Rockford, IL for Sale
Freestanding - FOR SALE
1/13
null | Request Cap Rate

7143 E State St
Rockford, IL 61108
East Rockford


HIGHLIGHTS

  • The Property is 100% leased and generates a NOI of approximately $1,014,825
  • All three (3) Tenants are on NNN leases and have term through at least 2031
  • Well located within Rockford's primary commercial corridor and less than a mile from Interstate 90 (I-90)
  • Surrounded by big box and national retailers Wal-Mart Supercenter, Sam’s Club, Home Depot, Lowes Home Improvement, Target, Kohl’s, Dick’s, & PetSmart

OVERVIEW

7029 - 7143 E. State Street, also known as State and Perryville Shopping Center, is located in Rockford, Winnebago County, Illinois. The building was constructed in 1990, renovated in 2022, and is located at the southeast corner of State Street & Perryville Road featuring visibility and exposure to approximately 41,900 VPD. The center is 100% leased by three (3) Tenants: Ashley Home Furniture (50,000 SF), Planet Fitness (25,508 SF), and Urban Air Trampoline Park (35,217 SF). At the 100% occupancy level, the center produces a NOI of approximately $1,014,825. The property includes a 445-surface level parking lot, pylon signage along State Street, and is located within Rockford's primary commercial corridor. Neighboring retailers nearby include Wal-Mart Supercenter, Sam’s Club, Home Depot, Lowes Home Improvement, Target, Kohl’s, Dick’s, PetSmart, Burlington Coat Factory and Bob's Discount Furniture, among many others.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

445

LAND DETAILS

LAND ACRES

8.38 AC

LAND SF

365,033 SF

ZONING

N/Av, Rockford

APN/PARCEL ID

12-23-351-008

ASK ABOUT THIS PROPERTY

Matt TarshisFrontline Real Estate PartnersMore Info
847-780-8063

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Matt TarshisFrontline Real Estate PartnersMore Info
847-780-8063

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