Your email has been sent.
Monticello Plaza 5701-5777 Godfrey Rd 99,171 SF 80% Leased Retail Building Godfrey, IL 62035 $5,532,929 ($55.79/SF) 7.75% Cap Rate
Investment Highlights
- Submarket of St. Louis, MO
- Proximity to Major Traffic Drivers
Executive Summary
Necessity-based neighborhood center anchored by:
Ruler Foods (Kroger Credit)
Dollar General
Significant Leasing Momentum in past 24 months
Five new Leases have been executed since the beginning of 2024
Dollar General exercised their option multiple years early with no Landlord concessions
Minimal Risk Exposure with Upside
80% occupied with seven vacant spaces (19,375 SF) offering value-add lease-up potential at market rates
Ruler Foods by Kroger ($3.57/SF) and Dollar General ($4.39/SF) paying below-market rents
0.75 AC Outparcel pad available for Build to Suit or re-sale
Well-Balanced Tenant Mix
Service-based tenant roster (e.g. grocery, salons, gyms, and restaurants), which are internet-resistant and generate repeat customer visits
No Tenant represents more than 24% of the GLA, limiting renewal exposure
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Move in ready space
- 5749
- 1,600 SF
- Retail
- -
- Now
Core Equity Partners is pleased to introduce Monticello Plaza, a grocery-anchored shopping center in Godfrey, Illinois. Godfrey is located in Madison County, just 27 miles north of St. Louis, Missouri. The center is positioned near US 67 with great signage and multiple points of ingress and egress. The tenant base consists of a complementary mix of local, regional and national tenants that supplies the city’s consumers with a wide range of products and services including groceries, physical therapy, financial services, general goods, wireless phone services, and casual dining to meet the personal needs of local residents. Current tenants include Ruler Foods, Dollar General, Pizza Hut, Subway, Boost Mobile, Apex Physical Therapy, Factory Connection and more. Along with the tenants at Monticello Plaza, additional traffic drivers within the corridor include NAPA Auto Parts, DQ Grill & Chill, McDonald’s, Arby’s and the US Post Office. In addition, Monticello Plaza is right next to the Lewis and Clark Community College which has an annual enrollment of approximately 15,000 students. This grocery-anchored shopping center is a great place for new businesses. A prominent location within a stable market allows Monticello Plaza the ability to continue to be an integral part of the community and will continue to serve as an invaluable shopping destination for residents and travelers alike.
- 5765
- 1,600 SF
- Retail
- In-Line
- Now
- 5767
- 3,200 SF
- Retail
- In-Line
- Now
- 5767
- 3,200 SF
- Retail
- In-Line
- Now
| Space | Size | Space Use | Position | Available |
| 5735 | 4,675 SF | Retail | - | Now |
| 5749 | 1,600 SF | Retail | - | Now |
| 5757 | 1,600 SF | Retail | In-Line | 30 Days |
| 5765 | 1,600 SF | Retail | In-Line | Now |
| 5767 | 3,200 SF | Retail | In-Line | Now |
| 5767 | 3,200 SF | Retail | In-Line | Now |
5735
| Size |
| 4,675 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
5749
| Size |
| 1,600 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
5757
| Size |
| 1,600 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
5765
| Size |
| 1,600 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
5767
| Size |
| 3,200 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
5767
| Size |
| 3,200 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
5735
| Size | 4,675 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Move in ready space
5757
| Size | 1,600 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | 30 Days |
Core Equity Partners is pleased to introduce Monticello Plaza, a grocery-anchored shopping center in Godfrey, Illinois. Godfrey is located in Madison County, just 27 miles north of St. Louis, Missouri. The center is positioned near US 67 with great signage and multiple points of ingress and egress. The tenant base consists of a complementary mix of local, regional and national tenants that supplies the city’s consumers with a wide range of products and services including groceries, physical therapy, financial services, general goods, wireless phone services, and casual dining to meet the personal needs of local residents. Current tenants include Ruler Foods, Dollar General, Pizza Hut, Subway, Boost Mobile, Apex Physical Therapy, Factory Connection and more. Along with the tenants at Monticello Plaza, additional traffic drivers within the corridor include NAPA Auto Parts, DQ Grill & Chill, McDonald’s, Arby’s and the US Post Office. In addition, Monticello Plaza is right next to the Lewis and Clark Community College which has an annual enrollment of approximately 15,000 students. This grocery-anchored shopping center is a great place for new businesses. A prominent location within a stable market allows Monticello Plaza the ability to continue to be an integral part of the community and will continue to serve as an invaluable shopping destination for residents and travelers alike.
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $685,530 | |
| Land Assessment | $255,160 | Total Assessment | $940,690 |
Property Taxes
