State Street Pad

Investment Overview

Fully occupied four-tenant retail strip center with excellent intrinsics – shopping center outparcel, long-term WALT (~7 years), & low price per foot ($217)

Investment Highlights

• Fully Occupied Strip: 100% occupied four-tenant retail building
• Long-Term Leases: ~7 years of WALT
• Shopping Center Outparcel: Pad to State Street Market, a 193K SF shopping center anchored by Schnucks, Burlington, and PetSmart
• Attractive Basis: Low price per foot ($217.30)
• Tenancy Momentum: Three of the four tenants signed leases since 2024, demonstrating recent dedication to the location
• Affluent Submarket: $106,000 average household incomes within a 3-mile radius of the subject property
• Foot Traffic Exposure: Subject property located along the main East/West thoroughfare in the trade area lined with numerous high-traffic shopping centers
• Rockford Crossings: A 300K SF Target-anchored shopping center located adjacent to the subject property that ranks in the top 9% of shopping centers nationwide in terms of annual visits per Placer.ai
• Forest Plaza: A 435K SF Kohl’s-anchored shopping center located across from the subject property that ranks in the top 3% of shopping centers nationwide in terms of annual visits per Placer.ai