commercial real estate for sale illinois

1. ROCKFORD
PLAZA
ROCKFORD,
IL
OFFERING
MEMORANDUM
EXCLUSIVE LISTED BY: ANAND BHATT – aabhatt@gmail.com

2. 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.

3. ROCKFORD PLAZA
ROCKFORD, IL
Offering Summary
Price $3,032,800
Gross Square Feet 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
3

4. ROCKFORD PLAZA
ROCKFORD, IL
Rent Roll
Total
Taxes
Base Rent CAM Income Monthly Proration Lease
Reimbursement
Tenants Income Rent Factor Sq. Ft Start Date Expires
Secretary of State $4,357.50 $1,807.50 $420.00 $6,585.00 0.0598 4500 Mar-01 Feb-12
Vacant (former Big
Lots) $0.00 $0.00 $0.00 $0.00 0.4036 30395 n/a n/a
Family Dollar $4,541.67 $0.00 $0.00 $4,541.67 0.1087 8182 Jul-02 Jul-12
Aarons Furniture $5,000.00 $820.45 $1,155.86 $6,976.31 0.1464 11025 Feb-03 Feb-15
San Jose Cultural
Center $7,000.00 $0.00 $0.00 $7,000.00 0.1339 10080 Jun-10 Sep-13
Certaire Tech
(storage) $2,780.00 $0.00 $0.00 $2,780.00 0.1477 11120 mtm mtm
TOTAL $20,899.17 $25,102.98 75302
INCOME
Total Annual Rent $301,235.76
EXPENSES
RE Taxes $65,596.00
Insurance $3,770.00
Maintenance $4,800.00
Landscaping $1,350.00
Snow Removal $6,056.00
Parking Lot Sweeping $6,000.00
Security/Alarm $1,150.93
Water & Sewer $2,918.19
Electric $2,238.64
Total CAM $28,283.76
Total Expenses $93,879.76
Net Operating Income $272,952

5. ROCKFORD PLAZA
ROCKFORD, IL
Average Daily Traffic Count
12

6. ROCKFORD PLAZA
ROCKFORD, IL
Aerial Photo
12

7. ROCKFORD PLAZA
RETAIL BUILDING
ROCKFORD, IL
OFFERING MEMORANDUM
EXCLUSIVE LISTED BY:
ANAND BHATT
aabhatt@gmail.com
209-975-SELL