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Rockford plaza FOR LEASE
1. ROCKFORD
PLAZA
ROCKFORD,
IL
FOR LEASE
MEMORANDUM
CONTACT: ANAND BHATT – aabhatt@gmail.com
2. ROCKFORD PLAZA
ROCKFORD, IL
Property Overview
Located on the ever popular State Street next to downtown Rockford, we're happy to
provide the opportunity for a retail operation to lease space at a business-friendly rate
from a conscientious landlord. Formerly a popular Big Lots store. Now is the time for
potential tenants to secure the space for themselves.
This highly trafficked location is ideal for any retail operation. With an average daily traffic
count of approximately 30,000 cars per day, this is an ideal location for your retail
operation. The space shares the same lot as The Secretary of State Driver's License
Facility, Domino's Pizza, the San Jose Cultural Center, Bally's, L.A. Tan, Family Dollar
and more. It is also across the street from Taco Bell and the popular Bowling Alley.
Rockford is a major city located on both banks of the Rock River in far northern Illinois
(just NW of Chicago). Rockford is often referred to as "The Forest City" and is the county
seat of Winnebago County, Illinois, USA. As reported in the 2000 U.S. census, the city
was named the third-largest city in Illinois after Chicago and Aurora. The metropolitan
area has 339,178 residents as of the 2000 census. During the latter part of the 20th
century Rockford was the second largest city in Illinois.
3. ROCKFORD PLAZA
ROCKFORD, IL
Offering Summary
Asking Rent $5 Sqft, NNN (negotiable for leases longer than 5 years)
Gross Square Feet 30,395 (divisible and expandable)
READY FOR RETAIL
3
CONTACT ANAND BHATT - AABHATT@GMAIL.COM
4. ROCKFORD PLAZA
ROCKFORD, IL
ANNUAL NNN EXPENSES – ONLY $1.47 per Square Foot!
NNN EXPENSES
RE Taxes $65,596.00
Insurance $3,770.00
Maintenance $4,800.00
Landscaping $1,350.00
Snow Removal $6,056.00
Parking Lot Sweeping $6,000.00
Security/Alarm $1,150.93
Water & Sewer $2,918.19
Electric $2,238.64
Management $18,000.00
Total CAM $46,283.76
Total Expenses $111,879.76
NNN Share (.40 proration) $44,751.90
Per Square Foot Cost $1.47
