Walmart Outparcel Strip
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For Sale
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1221 North Caron Road, Rochelle, IL 61068
Multi-tenant retail center with established occupancy and a prominent national retail anchor.
Property Size10,500 SF
Price / SF$245.14
Days on Market6
Property Features for 1221 North Caron Road
General Information
Standard status
Active
Size
10,500 SF
Property subtype
Retail
Occupancy
90%
Net Operating Income
$216,383
Building Details
Year Built
2013
Units
5
Tenancy
Multi
Listing Agency:
Marcus & Millichap - San Diego
(858) 373-3100
Listed By:
Phil Sambazis · License #01474991
Source:
Crexi
Added: Aug 27
Changed: Aug 31
Last Checked: Aug 30 at 2:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - San Diego
Investment Insights
Based on property information with market context.
Built in 2013, this strip mall is a multi-tenant retail property with five occupants and 90% leased occupancy. Taco Bell, Verizon, and Midwest Dental together represent 44% of the gross leasable area, providing a tenant mix that combines food service, telecommunications, and dental care uses.
The property occupies an outparcel position beside a Walmart Supercenter in Rochelle, Illinois. Its retail configuration and existing tenancy provide a defined commercial setting for continued operation as a neighborhood-serving center.
The property occupies an outparcel position beside a Walmart Supercenter in Rochelle, Illinois. Its retail configuration and existing tenancy provide a defined commercial setting for continued operation as a neighborhood-serving center.
Key Highlights
- 90% leased to five tenants
- Taco Bell, Verizon, and Midwest Dental occupy 44% of the gross leasable area
- Outparcel to a Walmart Supercenter
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
367
Businesses Nearby
92k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 44%
Shops & Services 30%
Dining 23%
Electronics 3%
Walmart
Superstores
40,705 visits/mo
0.3 miles
Murphy USA
Shops & Services
10,808 visits/mo
0.3 miles
Dollar Tree
Shops & Services
9,278 visits/mo
0.3 miles
Taco Bell
Dining
8,536 visits/mo
0.2 miles
Dunkin' Donuts
Dining
6,762 visits/mo
0.1 miles
Demographics for 61068, IL
14,653
Population
6,220
Households
2.4
Avg Household Size
38
Median Age
19%
College-Educated
87%
High-School Grad
120.7 sq mi
ZIP Area
121
Density / Sq Mi
$69,840
Median Household Income
$36,924
Median Earnings
$955
Median Rent
$164,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Multi-tenant retail center with established occupancy and a prominent national retail anchor.
Where is this strip mall located?
The property is located at 1221 North Caron Road Rochelle, IL.
What is the asking price?
The asking price for this property is $2,574,000.
What are key features of this property?
This property features: 90% leased to five tenants; Taco Bell, Verizon, and Midwest Dental occupy 44% of the gross leasable area; Outparcel to a Walmart Supercenter
