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5701-5777 Godfrey Rd
Godfrey, IL 62035
Monticello Plaza · Retail Property For Sale
Investment Highlights
- Submarket of St. Louis, MO
- Proximity to Major Traffic Drivers
Executive Summary
Strong National Tenant Lineup
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
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
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
99,171 SF
Building Class
B
Year Built/Renovated
1959/1982
Price
$5,532,929
Price Per SF
$55.79
Cap Rate
7.75%
NOI
$428,802
Percent Leased
80%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
9.51 AC
Zoning
B-2
Parking
481 Spaces (4.85 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Numbers | Improvements Assessment | $685,530 | |
| Land Assessment | $255,160 | Total Assessment | $940,690 |
Property Taxes
Parcel Numbers
Land Assessment
$255,160
Improvements Assessment
$685,530
Total Assessment
$940,690
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