1221 Sandy Hollow RdRockford, IL 61109

Property Details for 1221 Sandy Hollow Rd

Year built

1991

Lot size

1.22 AC

Property size (Sq ft)

52,000 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This fee-simple, 52,000 square foot shopping center in Rockford, IL, presents a compelling value-add opportunity. Boasting a 90% occupancy rate with prominent tenants like Dollar General and AT&T across ten individual suites, the property generates a strong NOI of $244,055, with a pro-forma NOI projected at $292,008. Built in 1991 and renovated in 2024, the single-story building sits on a 1.22-acre lot with 75 parking spaces. The property benefits from a NNN lease structure and high daily traffic counts (approximately 21,650 vehicles per day) at the intersection. Further enhancing its appeal, a new QuikTrip is under construction nearby, expected to complete in 2024, and recent leasing activity includes a food pantry and storage company, promising increased foot traffic. The asking price is $3,300,000, representing a 7.40% cap rate and a pro-forma cap rate of 8.85%. This multi-tenant retail center offers significant upside potential for investors seeking a strong return on investment in a prime Rockford location. The property is located at 1221 Sandy Hollow Rd, Rockford, IL 61109.

Location Insight

City

Rockford

County

Winnebago

State

Illinois

Latitude

42.223

Longitude

-89.0773

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