Contacts

Matthew Tarshis

Frontline Real Estate Partners

Property Details

Property Type Retail - Street Retail
Property Size 110,725 SF
Units 3
Lot Size 8.39 Acre
Additional Rent Contact for pricing
Property Tenancy Multi-Tenant
Year Built 1990
Year Renovated 2022
Date Updated Aug 8, 2024

The Property is in Rockford, Winnebago County, Illinois, which is located approximately 80-miles northwest of Chicago and 15-miles south of the Illinois/Wisconsin border. Rockford is the fifth most populated city in Illinois with a population of approximately 149,000 residents. The subject Property is located on the east side of Rockford and is part of the city’s primary commercial corridor. State Street is an east/west thoroughfare with several commercial developments and big box retailers including Wal-Mart Supercenter, Sam’s Club, Home Depot, Lowes Home Improvement, Target, and Kohl’s, among others. Other nearby retailers include Dick’s, PetSmart, and Burlington Coat Factory, among many others. The subject property is located just east of the State and Perryville signalized intersection, which averages approximately 40,200 VPD. The property is conveniently accessible, located less than ½ mile west from Interstate-90 and provides direct access to the 539-surface level parking lot (4.58/1,000 SF) via curb cuts along Perryville Road and State Street.7029 - 7143 E. State Street, also known as State and Perryville Shopping Center, is located in Rockford, Winnebago County, Illinois. The building was constructed in 1990, renovated in 2022, and is located at the southeast corner of State Street & Perryville Road featuring visibility and exposure to approximately 41,900 VPD. The center is 100% leased by three (3) Tenants: Ashley Home Furniture (50,000 SF), Planet Fitness (25,508 SF), and Urban Air Trampoline Park (35,217 SF). At the 100% occupancy level, the center produces a NOI of approximately $1,014,825. The property includes a 539-surface level parking lot (4.58/1,000 SF), pylon signage along State Street, and is located within Rockford's primary commercial corridor. Neighboring retailers nearby include Wal-Mart Supercenter, Sam’s Club, Home Depot, Lowes Home Improvement, Target, Kohl’s, Dick’s, PetSmart, Burlington Coat Factory and Bob's Discount Furniture, among many others.

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Highlights

All Tenants are on NNN leases and have term through at least 2031
Recent CapEx includes roof replacement (2016), parking lot sealed and striped (2018), transformer replacement (2018) and the back flow valve replaced (2018).
There's approximately 3.5M SF of retail space within one-mile of the property including Wal-Mart Supercenter, Sam’s Club, Home Depot, Lowes Home Improvement, Target, and Kohl’s, Dick’s, PetSmart, Burlington Coat Factory, Red Robin, Portillo's, Panera, and McDonald's, among several others
Population of approximately 259,952 residents with an average Household Income of $123,259 within 5-miles of the Property
Rockford is the fifth most populated city in Illinois with a population of approximately 149,000 residents
The Property features a 539-surface level parking lot (4.58/1,000 SF)
New Hard Rock Casino recently opened approximately two (2) miles to the east

Getting around

48/100
Walk Score ®
48/100
Bike Score ®

Powered by Walk Score ®

City Rockford, IL
Neighborhood East Rockford
Zip Code 61108

Points of Interest

Panama Taxi

5.90 miles

Mobil

0.16 miles
Sams Club 8297 (Rockford, IL)

0.16 miles
Sam's Club

0.17 miles
FAS Fuel

0.37 miles
Tower Gas

0.84 miles
Kelly Williamson Mobil

0.91 miles
Mobil Diesel Pumps

0.93 miles
Casey's General Store

1.03 miles
BP

1.20 miles
Tesla Supercharger

1.72 miles

Lowes Parking

0.18 miles
Lot C

0.75 miles
Cherryvale Mall Parking

1.62 miles
Lot 9B

2.64 miles
Woodman's Market

2.65 miles
Lot 9A

2.65 miles
Guilford High School Parking Lot

2.66 miles
Lot 8B

2.66 miles
Lot 8A

2.67 miles
Lot 7B

2.73 miles

Red Robin

0.11 miles
Charleys Philly Steaks

0.12 miles
Panda Express

0.13 miles
McDonald's

0.14 miles
Texas Roadhouse

0.15 miles
Eggspress

0.17 miles
Chick-fil-A

0.19 miles
Denny's

0.22 miles
Dunkin'

0.23 miles
Pho 815

0.26 miles

Walmart Supercenter

0.26 miles
Ross

0.27 miles
ALDI

0.46 miles
Gordon Food Service

0.46 miles
Target

0.59 miles
Schnucks

0.73 miles
Burlington

0.89 miles
Marshalls

0.96 miles
Kohl's

1.07 miles
Valli Produce

1.28 miles

In-Depth Research Available for this Property

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