| Coldwell Banker Commercial Southwest Partners |
George Alexander - (979) 421-9996 |
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| Retail For Sale |
8.5% CAP Family Dollar Store STAR net lease 1432 S Main ST, Rockford, IL 61102 |
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| Price: | $965,000 | | Gross Leasable Area: | 8,000 SF | | Building Size: | 8,000 SF | | Price/SF: | $120.63 | | Property Type: | Retail | | Property Sub-type: | Community Center | | Property Use Type: | Net Lease Investment with 6 years left on lease | | Commission Split: | 2% | | Cap Rate: | 8.50% | | Occupancy: | 100% | | No. Stories: | 1 | | Tenancy: | Multiple | | Year Built: | 2009 | | Lot Size: | 35,455 SF |
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| Last Verified 5/6/2011 |
| Listing ID 17147563 |
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Description 8.5% CAP Family Dollar Store STAR net lease listing in Rockford, IL at $965K. Mike Carpenter, CCIM, Broker/Principal, Carpenter Commercial Real Estate, Dekalb, IL is the broker of record. Barry Forrest, Owner/Broker, Texas Net Lease, Dallas, TX is the client manager. CBC Southwest is the listing manager.
8.5% CAP & $81,960 NOI. 2% BBC.
6 years remaining on initial lease guaranteed by Family Dollar Corporate with four 5-year options.
8,000 SF building built in 2009 in excellent condition in a community shopping center anchored by a supermarket. In Rockford with 154,860 population just 75 mi. to Madison and 85 to Chicago
In a 5-minute drive-time, demographics are an excellent match with Family Dollar with $20M+ in unmet local retail demand in product lines compatible with a Family Dollar Store. HIGHLIGHTS
(1) 8.5% CAP with $81,960 net operating income net lease Family Dollar Store
(2) 6 years remaining on initial lease with four 5-year options guaranteed by Family Dollar Corporate
(3) 8,000 SF building on 35,455 SF lot built in 2009 in excellent condition with brick and stone upgraded exterior
(4) On Main Street In community shopping center anchored by Familia Fresh Foods
(5) Proven store + $23M+ in unmet local retail demand at a 5-minute drive-time in potential Family Dollar categories
(6) At a 5-min. drive, demographics and economics appear to be very advantageous for Family Dollar location |
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| Coldwell Banker Commercial Southwest Partners |
George Alexander - (979) 421-9996 |
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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness.
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