Monticello Plaza

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

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​​​​​​​