Gas Station with Fast-Food
For Sale
Contact for pricing
2837 11TH ST ROCKFORD IL 61109-1205, Rockford, IL 61108
Brand new gas station development with an 8,000 sq ft fast-food restaurant and multiple gasoline and diesel dispensers.
Property Size8,000 SF
Price / SF$156.25
Days on Market179
Property Features for 2837 11TH ST ROCKFORD IL 61109-1205
General Information
Standard status
Active
Size
8,000 SF
Property subtype
Retail, Business for Sale
Additional Details
Business Included
Yes
Liquor License
Yes
Building Details
Year Built
2023
Buildings
2
Tenancy
Multi
Listed By:
BK Talukdar · License #475218195
Source:
Crexi
Added: Apr 11
Changed: Oct 3
Last Checked: Oct 5 at 5:52PM
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 BK Talukdar
Investment Insights
Based on property information with market context.
This brand new construction gas station includes an 8,000 sq ft building with a fast-food restaurant inside. Fuel service features eight gasoline dispensers (with 16 hoses) and two diesel dispensers. The site is equipped with all-fiberglass tanks, including 20,000 gallons for regular, 10,000 gallons for premium, and 4,000 gallons each for diesel and carnosine.
The project is scheduled to be ready to open by 06/01/2022 and is located at 2542 Stowmarket Ave, Rockford, IL 61108.
Additional deal terms noted in the materials include a 10-year supply agreement with Leigh Oil, and approval for liquor and gaming.
The project is scheduled to be ready to open by 06/01/2022 and is located at 2542 Stowmarket Ave, Rockford, IL 61108.
Additional deal terms noted in the materials include a 10-year supply agreement with Leigh Oil, and approval for liquor and gaming.
Key Highlights
- Brand new gas station development with an 8,000 SF fast‑food restaurant inside
- Scheduled to be ready to open by 06/01/2022
- Fuel includes 8 gasoline dispensers, 16 hoses, plus 2 diesel dispensers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,744
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,234,880
$2.2M
Cap Rate 7%
$1,596,343
$1.6M
Cap Rate 9%
$1,241,600
$1.2M
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$153.6K $19.20/SF
− Vacancy
−$4.6K −$0.58/SF
EGI
$149.0K $18.62/SF
− OpEx
−$37.2K −$4.66/SF
NOI
$111.7K $13.97/SF
Area
Rockford, IL
Vacancy
3.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,234,880
Cap Rate 7%
$1,596,343
Cap Rate 9%
$1,241,600
Alternative Uses
Best Use
Specialty Retail
$1.60M
$1.40M – $1.86M
NOI $111,744 @ 7.0% cap · market cap 8.94%
Second Best
Retail
$1.39M
$1.22M – $1.62M
NOI $97,272 @ 7.0% cap · market cap 7.78%
Theoretical Best
Office A
$2.13M
$1.86M – $2.48M
NOI $148,954 @ 7.0% cap · market cap 11.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
297
Businesses Nearby
123k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 43%
Shops & Services 37%
Groceries 19%
Electronics 1%
McDonald's
Dining
24,011 visits/mo
0.5 miles
Schnucks
Groceries
22,885 visits/mo
0.4 miles
Dollar Tree
Shops & Services
14,063 visits/mo
0.3 miles
Taco Bell
Dining
12,593 visits/mo
0.3 miles
Dunkin' Donuts
Dining
8,818 visits/mo
0.5 miles
Demographics for 61108, IL
29,660
Population
12,650
Households
2.3
Avg Household Size
39
Median Age
24%
College-Educated
87%
High-School Grad
10.9 sq mi
ZIP Area
2,721
Density / Sq Mi
$63,046
Median Household Income
$34,856
Median Earnings
$986
Median Rent
$128,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Gas station - Brand new gas station development with an 8,000 sq ft fast-food restaurant and multiple gasoline and diesel dispensers.
Where is this gas station located?
The property is located at 2837 11TH ST ROCKFORD IL 61109-1205 Rockford, IL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Brand new gas station development with an 8,000 SF fast‑food restaurant inside; Scheduled to be ready to open by 06/01/2022; Fuel includes 8 gasoline dispensers, 16 hoses, plus 2 diesel dispensers
