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ROCKFORD PLAZA

ROCKFORD, IL

OFFERING
MEMORANDUM

EXCLUSIVE LISTED BY:

ANAND BHATT aabhatt@gmail.com

ROCKFORD PLAZA
ROCKFORD, IL

Investment overview

We are pleased to present this multi-tenant prime opportunity in Rockford, IL. This property provides an investor the opportunity to purchase a well established and frequently trafficked construction with net-leases. THIS PROPERTY HAS FREQUENT INCREASES IN NET INCOME, SO PURCHASE NOW BEFORE THE PRICE GOES UP YET AGAIN. Qualified buyers are extended the opportunity to acquire a rarely available, well leased, 75,302 square foot Retail Strip Center that also boasts upside potential. Rockford Shopping Center is located on busy E. State St. in the established and rapidly-growing community of Rockford, Illinois. The property boasts a consistently strong rental history with a variety of Highly Accredited Tenants on well written leases. Investors will notice that this Rockford Shopping Center has a unique ability to accommodate its tenants needs for growth, giving the property its enormous upside potential. Given its centralized location, visibility, and traffic count, in addition to an abundance of surrounding residential developments, this property proves to be ideal for any investor. Rockford is a major city located on both banks of the Rock River in far northern Illinois (just NW of Chicago). Rockford is often referred to as "The Forest City" and is the county seat of Winnebago County, Illinois, USA. As reported in the 2000 U.S. census, the city was named the third-largest city in Illinois after Chicago and Aurora. The metropolitan area has 339,178 residents as of the 2000 census. During the latter part of the 20th century Rockford was the second largest city in Illinois.

ROCKFORD PLAZA
ROCKFORD, IL

Offering Summary
Price Gross Square Feet
$3,032,800

75,302

VITAL DATA

CAP Rate - Actual 9.0% Net Operating Income - Current $272,952

Th is in f orm a t io n ha s be e n se c ur e d f ro m sou rc e s w e be l ie v e t o be re l i a bl e, but w e ma ke no r ep re s e nt a t i on s or w a r ra nt i e s , e xpr e ss e d i m pl i e d, as t o t h e acc u rac y of t he i nfo rmat i on . R efe r e nc e s t o sq uar e foot ag e or age are ap p roxi ma t e . Bu ye r mu st v e ri f y t h e i n f orm a t io n a nd b e a rs a l l r is k f or a ny i n a cc u ra c ie s . AB Commercial CONTACT ANAND BHATT - AABHATT@GMAIL.COM
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ROCKFORD PLAZA
ROCKFORD, IL

Rent Roll
Base Rent Income CAM Income Taxes Reimbursement Total Monthly Rent Proration Factor Lease Expires

Tenants

Sq. Ft

Start Date

Secretary of State Vacant (former Big Lots)

$4,357.50

$1,807.50

$420.00

$6,585.00

0.0598

4500

Mar-01

Feb-12

$0.00

$0.00

$0.00

$0.00

0.4036

30395

n/a

n/a

Family Dollar Aarons Furniture San Jose Cultural Center Certaire Tech (storage) TOTAL

$4,541.67 $5,000.00

$0.00 $820.45

$0.00 $1,155.86

$4,541.67 $6,976.31

0.1087 0.1464

8182 11025

Jul-02 Feb-03

Jul-12 Feb-15

$7,000.00 $2,780.00 $20,899.17

$0.00 $0.00

$0.00 $0.00

$7,000.00 $2,780.00 $25,102.98

0.1339 0.1477

10080 11120 75302 mtm

Jun-10

Sep-13 mtm

INCOME Total Annual Rent EXPENSES RE Taxes Insurance Maintenance Landscaping Snow Removal Parking Lot Sweeping Security/Alarm Water & Sewer Electric Total CAM Total Expenses Net Operating Income

$301,235.76

$65,596.00 $3,770.00 $4,800.00 $1,350.00 $6,056.00 $6,000.00 $1,150.93 $2,918.19 $2,238.64 $28,283.76 $93,879.76 $272,952

ROCKFORD PLAZA
ROCKFORD, IL

Average Daily Traffic Count

12

ROCKFORD PLAZA
ROCKFORD, IL

Aerial Photo

12

ROCKFORD PLAZA RETAIL BUILDING


ROCKFORD, IL

OFFERING MEMORANDUM
EXCLUSIVE LISTED BY:

ANAND BHATT aabhatt@gmail.com 209-975-SELL