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Schnucks 2206 Barnes Blvd 58,236 SF Retail Building Rockford, IL 61112 $10,376,990 CAD ($178.19 CAD/SF) 6.40% Cap Rate

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INVESTMENT HIGHLIGHTS

Part of the larger Schnucks Portfolio (8 Assets in MO & IL) - Seller is encouraging individual and portfolio offers.
Less than 1 Mile west of Interstate 39 (50,900 VPD).
Includes a Gas Station with 3 pumps.

Excellent Access & Visibility along Barnes Boulevard, just feet from South Perryville Road (19,900 VPD).
Immediately adjacent to the 800,000 SF CherryVale Mall (JCPenney, Macy's, Choice Furniture & Mattress, Barnes & Noble, H&M, American Eagle, etc.).
Rockford, IL MSA (MSA Population: 332,453+)

EXECUTIVE SUMMARY

The CBRE Net Lease Property Group is pleased to offer for sale the 58,236-square-foot Schnucks grocery store positioned on 8.54 acres in Rockford, IL (MSA Population: 332,453+). Schnucks absolute NNN lease has ±11.5 years of term remaining with 5% rent increases every 5 years and in each of the eight, 5-year renewal options. The property is part of the larger Schnucks Portfolio, which consists of eight assets in Missouri and Illinois. The seller is highly encouraging individual and portfolio offers.

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Supermarket

Building Size

58,236 SF

Building Class

Year Built

2000

Price

$10,376,990 CAD

Price Per SF

$178.19 CAD

Cap Rate

6.40%

NOI

$664,123 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.16

Lot Size

8.54 AC

Zoning

Parking

380 Spaces (6.53 Spaces per 1,000 SF Leased)

1 1

AERIAL
MAP
TRAFFIC

2206 Barnes Blvd, Rockford, IL - AERIAL map view - Image1

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2206 Barnes Blvd, Rockford, IL - AERIAL map view - Image8

2206 Barnes Blvd, Rockford, IL - AERIAL map view - Image9

2206 Barnes Blvd, Rockford, IL - AERIAL map view - Image10

PROPERTY TAXES

Parcel Numbers	Multiple 12-35-303-001 12-35-303-002 12-35-303-003	Improvements Assessment	$938,278 CAD
Land Assessment	$690,889 CAD	Total Assessment	$1,629,168 CAD