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5830-5980 E State St 5,551 SF of Retail Space Available in Rockford, IL 61108
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 5,551 SF | Jun 2031 | $19.90 /SF/YR $1.66 /SF/MO $110,465 /YR $9,205 /MO | Triple Net (NNN) |
1st Floor
FOR SALE – Turnkey Bar & Grill Opportunity! Oscar’s Bar & Grill – Available Under Lease Assignment Are you ready to own and operate your own neighborhood hotspot? Oscar’s Bar & Grill, a well-known local favorite, is now available for purchase under an affordable lease-assignment agreement. Key Features: Fully equipped commercial kitchen – all fixtures, fittings, and appliances included Licensed gaming area with [video gaming machines / slots] for additional revenue Full-service bar with taps, coolers, and POS system Spacious dining and lounge area with TVs and sound system Established clientele and great local reputation Prime location with excellent visibility and parking Ready to operate immediately – just turn the key and start serving! Location: 5980 E. State St., Rockford, IL Square Footage: 5,551 SF Asking Price: $375,000 Lease Terms: Lease assignment opportunity This is a rare chance to take over a fully functional bar and grill without the high startup costs of building from scratch! Call Jennifer at 815-871-6156 today!
- Sublease space available from current tenant
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Drinking Establishment
- Highly Desirable End Cap Space
- Space is in Excellent Condition
- Central Air Conditioning
- Freezer Space
- Wi-Fi Connectivity
- Security System
- Corner Space
- High Ceilings
- Exposed Ceiling
- Hardwood Floors
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT 5830-5980 E STATE ST, ROCKFORD, IL 61108
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- BioLife Plasma Services
- Health Care
- 278
- National
- Buddy's Home Furnishings
- Rental Shop
- 521
- National
- Ollie's Bargain Outlet
- Dollar/Variety/Thrift
- 803
- National
- Oscar's Pub & Grill
- Restaurant
- 1
- Local
- Sara Grace
- Ladies' Apparel
- 1
- Local
- Valli Produce International Fresh Market
- Supermarket
- 4
- Local
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| BioLife Plasma Services | Health Care | 278 | National |
| Buddy's Home Furnishings | Rental Shop | 521 | National |
| Ollie's Bargain Outlet | Dollar/Variety/Thrift | 803 | National |
| Oscar's Pub & Grill | Restaurant | 1 | Local |
| Sara Grace | Ladies' Apparel | 1 | Local |
| Valli Produce International Fresh Market | Supermarket | 4 | Local |
PROPERTY FACTS
| Total Space Available | 5,551 SF | Total Land Area | 13.82 AC |
| Property Type | Retail | Year Built/Renovated | 1971/1999 |
| Property Subtype | Storefront | Parking Ratio | 4.96/1,000 SF |
| Gross Leasable Area | 213,819 SF | Cross Streets | NWC E State St & Mulford |
| Total Space Available | 5,551 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 213,819 SF |
| Total Land Area | 13.82 AC |
| Year Built/Renovated | 1971/1999 |
| Parking Ratio | 4.96/1,000 SF |
| Cross Streets | NWC E State St & Mulford |
NEARBY MAJOR RETAILERS
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5830-5980 E State St
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