Winnebago Strip Center - Winnebago, IL | 701 N Elida St
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Winnebago Strip Center - Winnebago, IL 701 N Elida St
3,600 SF 73% Leased Retail Building Winnebago, IL 61088 $960,000 ($267/SF) 7.25% Cap Rate
Investment Highlights
- Winnebago Strip Center is 69% occupied by Athletico, with initial term through 2030 set to increase 10% in 2025.
- Strong Area Incomes: $112,731 Average Household Income within 3-Mile radius.
- The subject property is prominently positioned in front of the only grocery store and hardware store for over 10 miles.
- Attractive Medical Tenant: Athletico is one of the largest physical therapy providers in the country.
Executive Summary
As the exclusive agent of the owner, SHOP Companies is pleased to offer Winnebago Strip Center, a 3,600 SF (GLA) two-tenant retail strip center located in Winnebago, IL. A prominent outparcel to Sullivan’s Foods and Ace Hardware, the center is 70% occupied by Athletico through March 2030, with rent increasing by 10% in March 2025. The center includes 1,100 SF vacancy, representing additional upside.
The property is prominently located in front of the only grocery and hardware stores in Winnebago and across from the only pharmacy, Snyders, and MercyHealth physician offices. Several surrounding pad sites are being marketed for development (inquire with broker). This retail corridor benefits from strong area incomes, including $112,731
average household incomes within a 3-mile radius.
Athletico, founded in 1991, currently operates 900+ locations and is one of the largest physical therapy providers in the country. Winnebago is located a few miles west of Rockford, IL.
In Association with ParaSell, Inc. | Costa Mesa, California | A Licensed Illinois Broker #478027307
The property is prominently located in front of the only grocery and hardware stores in Winnebago and across from the only pharmacy, Snyders, and MercyHealth physician offices. Several surrounding pad sites are being marketed for development (inquire with broker). This retail corridor benefits from strong area incomes, including $112,731
average household incomes within a 3-mile radius.
Athletico, founded in 1991, currently operates 900+ locations and is one of the largest physical therapy providers in the country. Winnebago is located a few miles west of Rockford, IL.
In Association with ParaSell, Inc. | Costa Mesa, California | A Licensed Illinois Broker #478027307
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,600 SF
Building Class
B
Year Built
2019
Price
$960,000
Price Per SF
$267
Cap Rate
7.25%
NOI
$69,575
Percent Leased
73%
Building Height
1 Story
Building FAR
0.13
Lot Size
0.63 AC
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 1,100 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,100 SF | Retail | - | Now |
1st Floor
| Size |
| 1,100 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
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Winnebago Strip Center - Winnebago, IL | 701 N Elida St
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