Friday, May 6, 2011

Coldwell Banker Commercial Southwest Partners 8.5% CAP Family Dollar Store STAR net lease listing in Rockford, IL at $965K. http://wp.me/p1gvH4-7i


Coldwell Banker Commercial Southwest Partners George Alexander - (979) 421-9996
Retail For Sale


8.5% CAP Family Dollar Store STAR net lease
1432 S Main ST, Rockford, IL 61102
1432 S Main ST, Rockford, IL 61102

1432 S Main ST, Rockford, IL 61102

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
Last Verified 5/6/2011
Listing ID 17147563






Map of 1432 S Main ST, Rockford, IL 61102 (Winnebago County)


Find out more about 1432 S Main ST, Rockford





Highlights
8.5% CAP with $81,960 net operating income net lease Family Dollar Store
6 years remaining on initial lease with four 5-year options guaranteed by Family Dollar Corporate
8,000 SF building on 35,455 SF lot built in 2009 in excellent condition with brick and stone upgraded exterior
On Main Street In community shopping center anchored by Familia Fresh Foods
Proven store + $23M+ in unmet local retail demand at a 5-minute drive-time in potential Family Dollar categories
At a 5-min. drive, demographics and economics appear to be very advantageous for Family Dollar location







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






Financial Summary
  Actual
Net Operating Income $81,960




Major Tenant Information
Tenant SF Occupied Lease Expired
Family Dollar 8,000  1/1/2017 



Additional Photos

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91-retail gap total $ table.JPG

91-retail gap total $ table.JPG


92-retail gap total $ top 10.JPG

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93-retail gap avg 3 5 10 total $.JPG

93-retail gap avg 3 5 10 total $.JPG


94-retail gap per household $ table.JPG

94-retail gap per household $ table.JPG


95-retail gap per household $ top 10.JPG

95-retail gap per household $ top 10.JPG


96-retail gap avg 3 5 10 per household.JPG

96-retail gap avg 3 5 10 per household.JPG


97-retail gap per person $ table.JPG

97-retail gap per person $ table.JPG


98-retail gap per person $ top 10.JPG

98-retail gap per person $ top 10.JPG


99-retail gap avg 3 5 10 per person.JPG

99-retail gap avg 3 5 10 per person.JPG


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116-area pixs-Rockford Art Museum.JPG

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Coldwell Banker Commercial Southwest Partners George Alexander - (979) 421-9996
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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