Listed by Bryant Commercial Group
$5,700,000
2404 S Perryville Rd. Rockford, IL
Details
APN 12-35-351-007
Property Type Retail
Sub Type Grocery Store, Pharmacy/Drug
Square Footage 14,490
Cap Rate 7.27%
NOI $414,130
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Term 75
Lease Expiration 09/30/2083
Remaining Term 57.2
Price per SqFt $393
Broker Co-Op Yes
Class A
Year Built 2008
Buildings 1
Stories 1
Acreage 1.510
Zoning CC
Parking Spaces 65 per unit
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 10/01/2008
Freestanding Retail For Sale - Walgreens Absolute Net Lease
Marketing description
This offering presents an exceptional opportunity to acquire a single tenant asset leased to Walgreens under an Absolute Net Lease structure. Providing a truly passive investment, with the tenant responsible for all operating expenses including taxes, insurance, and maintenance, minimizing landlord responsibilities while delivering stable, predictable income. Combined with its premier positioning in one of Rockford’s most established commercial corridors, the asset presents a compelling opportunity for long-term investment security.
Investment highlights
- Walgreens Co. Absolute Net Lease
- Corporate Guarantee
- 57 years of remaining lease term
- 7 years of remaining lease term prior to tenants option to terminate
- 14,490sf Retail Building
- Heavy ADT
- Signalized access
Listing Contacts
Listed by Bryant Commercial Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$414,130.00
$34,510.83/mo
Valuation Metrics
0
DSCR
7.27%
Cap Rate
7.27%
ROI
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