Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Documents

Enter the "Deal room" for exclusive documents related to this property.

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 1982
Building Area Net
Occupancy 1.0 %

Property description

Address: 5771 Godfrey Road,Godfrey, IL 62035

In-Place NOI: $435,044

Stabilized NOI: $735,322

GLA: 99,171

Acres: 10.25

Occupancy: 73%

Buildings: 3

Tenants: 18

Year Built/Renovated: 1959/1982

Investment highlights

VALUE-ADD OPPORTUNITY

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

ATTRACTIVE BASIS:

Rare opportunity to acquire a Kroger anchored center at $60/SF​​​​​​​

Last Updated Date: 11 Aug 2022

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

Last Updated Date: 11 Aug 2022

Do you have any questions?  Visit our FAQ page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.