1221 Sandy Hollow Rd Rockford, IL 61109

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.