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33184935
33184936

1221 Sandy Hollow Road, Rockford, IL 61109 For Sale

BG
IL IL471.018140
CapRock Real Estate
TE
IL 471005360
CapRock Real Estate
Listed by CapRock Real Estate
$2,995,000
54 days on market
Updated 5 days ago

Southgate Plaza

Details
Property Type Retail
Square Footage 52,000
Net Rentable (SqFt) 52,000
Cap Rate 8.53%
NOI $255,559
Occupancy 90%
Tenancy Multi
Brand/Tenant Dollar General, AT&T
Lease Type Net
Pro-Forma Cap Rate 10.48%
Pro-Forma NOI $313,759
Price per SqFt $58
Year Built 1991
Acreage 1.220
Zoning C-3
Investment Type Value Add
Ground Lease No

About This Property for Sale

Marketing description

Southgate Plaza is a value-add shopping center currently 90% leased to a strong mix of national and local tenants, with 10% vacancy providing upside through lease-up opportunities. Shadow-anchored by QuikTrip and the Northern Illinois Food Bank, the center benefits from significant daily traffic and strong consumer draw.

Investment highlights

Value-Add shopping center with 90% leased to national and local tenants. 10% vacant allowing for value-addition.

QuikTrip & Northwestern Illinois Food Bank Shadow-anchored: located in the shared parking lot and generating substantial traffic for Southgate Plaza

Dense urban area 121,280 people within 5-miles

Surrounded by national retail tenants including, McDonalds, Subway, QuikTrip, Dairy Queen, Dunkin, & Walgreens

1221-1241 Sandy Hollow Rd is strategically situated west of I-39 and near the intersection with Sandy Hollow Road, in Rockford, Illinois. This location offers convenient access from I-39

Surrounded by a mix of residential neighborhoods and commercial establishments. Making it an ideal spot for businesses seeking visibility and accessibility in Rockford.

g visibility and accessibility in Rockford.

Listing Contacts

BG
IL IL471.018140
CapRock Real Estate
TE
IL 471005360
CapRock Real Estate
Listed by CapRock Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$255,559.00
$21,296.58/mo

Valuation Metrics

0
DSCR
8.53%
Cap Rate
8.53%
ROI

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Property History

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Additional Information

Name
Brian Goldman
License
IL471.018140
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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