2570 Charles St
Rockford, IL 61108
East Rockford
HIGHLIGHTS
- Long-Term NNN Lease | 15-Year Term | 10% Increases Secured by a rare 15-year NNN lease with fixed 10% rental increases every 5 years
- Passive, Hands-Off Investment Structure The investment benefits from a passive ownership structure
- Brand New Construction | High-Capacity Drive-Thru New 2026 construction ±2,480 SF building on 1.32 acres
- Corporate Gurantee The lease is backed by Starbucks Corporation (NASDAQ: SBUX | S&P: BBB+)
- Rockford MSA Centrally located within the Rockford MSA, Illinois’ fourth-largest metro, with proximity to Chicago, Madison, and Milwaukee
- Outparcel To Dominant Medical Retail Center Situated at a signlazied intersection and outparcel to the robust Rockford Plaza
FOR SALE DETAILS
PRICE
$2,677,000 USD
PRICE/SF
$1,050 USD /SF
CAP RATE
6.35%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Starbucks
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
3.8 AC
LAND SF
165,528 SF
ZONING
C2
APN/PARCEL ID
12-30-153-016
ASK ABOUT THIS PROPERTY
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872-256-1031
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872-256-1031
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