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|Building Area Net||
Address: 5771 Godfrey Road,Godfrey, IL 62035
In-Place NOI: $435,044
Stabilized NOI: $735,322
Year Built/Renovated: 1959/1982
Investors can immediately add value through the lease-up of 7 vacant suites comprising 27,254 SF
GREAT VISIBILITY AND ACCESS
The property is strategically located between Godfrey Rd. and Hubert Rd with a combined traffic count of over 32,000 vehicles traveling past the Shopping Center each day.
INVESTMENT GRADE ANCHOR TENANCY:
48% of leased GLA is comprised of anchor tenancy
BELOW MARKET ANCHOR RENTALRATES:
Strong conviction in anchors as in-place rents sit 71% below market rate for Dollar General and 61% below market rate for Kroger.
NATIONAL TENANT OFFERING:
57% of leased GLA is occupied by National Tenancy
Rare opportunity to acquire a Kroger anchored center at $60/SF