State & Perryville Shopping Center

The Property is in Rockford, Winnebago County, Illinois, which is located approximately 80-miles northwest of Chicago and 15-miles south of the Illinois/Wisconsin border. Rockford is the fifth most populated city in Illinois with a population of approximately 149,000 residents. The subject Property is located on the east side of Rockford and is part of the city’s primary commercial corridor. State Street is an east/west thoroughfare with several commercial developments and big box retailers including Wal-Mart Supercenter, Sam’s Club, Home Depot, Lowes Home Improvement, Target, and Kohl’s, among others. Other nearby retailers include Dick’s, PetSmart, and Burlington Coat Factory, among many others. The subject property is located just east of the State and Perryville signalized intersection, which averages approximately 40,200 VPD. The property is conveniently accessible, located less than ½ mile west from Interstate-90 and provides direct access to the 539-surface level parking lot (4.58/1,000 SF) via curb cuts along Perryville Road and State Street.7029 - 7143 E. State Street, also known as State and Perryville Shopping Center, is located in Rockford, Winnebago County, Illinois. The building was constructed in 1990, renovated in 2022, and is located at the southeast corner of State Street & Perryville Road featuring visibility and exposure to approximately 41,900 VPD. The center is 100% leased by three (3) Tenants: Ashley Home Furniture (50,000 SF), Planet Fitness (25,508 SF), and Urban Air Trampoline Park (35,217 SF). At the 100% occupancy level, the center produces a NOI of approximately $1,014,825. The property includes a 539-surface level parking lot (4.58/1,000 SF), pylon signage along State Street, and is located within Rockford's primary commercial corridor. Neighboring retailers nearby include Wal-Mart Supercenter, Sam’s Club, Home Depot, Lowes Home Improvement, Target, Kohl’s, Dick’s, PetSmart, Burlington Coat Factory and Bob's Discount Furniture, among many others.