2137 S Perryville Rd - Retail FOR SALE


Rockford, IL 61112- East Rockford
$2,741,666 USD
630-570-2260
2137 S Perryville Rd, Rockford, IL for Sale
$2,741,666 USD
Retail - FOR SALE
1/9
null | 6% Cap Rate

2137 S Perryville Rd
Rockford, IL 61112
East Rockford


HIGHLIGHTS

  • Rare Net-Leased Starbucks with a New 15-Year Lease | Corporately Guaranteed
  • Offers Drive-thru Access Which Adds Value for Current and Future Tenants
  • Shadow Anchored by a Top Ranked Menards | This Menards Ranks in the Top Four Percent of Stores Nationwide by Visits (Placer.ai)
  • Situated Near the Interchange of Interstates 90 & 30, in a High-Traffic Area | Easily Accessible
  • Located in a Retail Hub Surrounded by National Retailers | Positioned Across the Street from CherryVale Mall, the Largest Shopping Mall in Northern Il
  • Affluent Demographic with a High Daytime Population | Average Household Income of $102,546 Within a Mile Radius

OVERVIEW

This rare net-leased Starbucks features a brand-new 15-year lease that commenced in March 2025, with four, five-year renewal options and 10 percent rental increases every five years, starting in 2030. The store opened in July 2025 following a recent build-out that includes a drive-thru and four points of ingress/egress, enhancing accessibility and long-term tenant appeal. The lease is corporately guaranteed by Starbucks Corporation, ensuring secure tenancy. It is shadow-anchored by a top-performing Menards, which attracts 1.3 million annual visitors and ranks in the top four percent of all U.S. locations (Placer.ai). Located near the interchange of I-90 and I-39, the site benefits from high traffic exposure with over 100,000 vehicles per day. The property sits across from CherryVale Mall—northern Illinois’ largest mall outside of suburban Chicago—and is surrounded by national retailers including Schnucks, CVS, Harley-Davidson, The Salvation Army and more. The property is supported by an affluent demographic, with an average household income of $102,546 within a mile and a daytime population of 47,653 within a three-mile radius.

FOR SALE DETAILS

PRICE

$2,741,666 USD

PRICE/SF

$1,689 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks (New) 15-Year Lease

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,265 SF

ZONING

CG

APN/PARCEL ID

12-34-426-013

ASK ABOUT THIS PROPERTY

Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2260

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Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2260

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.