7143 State St, Rockford, IL 61108
132,262 SF | 100% Leased | Retail Building | Rockford, IL 61108 | For Sale
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
- Sale Condition
- 1031 Exchange
- Property Type
-
Retail
- Square Feet
- 132,262 SF
Listing Contacts
Matt Tarshis
Verified Profile
Zack Pearlstein
Verified Profile
Andrew Rubin
Verified Profile
Andrew Picchietti
Verified Profile
- Property Info
Property 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.
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.
Property Details
- Class
- A
- Year Built/Renovated
- 1990/2022
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 365,033 SF
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
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