3475 S Alpine Rd - Medical FOR SALE


Rockford, IL 61109- Outer South Rockford
$3,155,000 USD
918-505-2886
3475 S Alpine Rd, Rockford, IL for Sale
$3,155,000 USD
Medical - FOR SALE
1/7
null | 6% Cap Rate

3475 S Alpine Rd
Rockford, IL 61109
Outer South Rockford


HIGHLIGHTS

  • Absolute NNN
  • 2.5% Annual Increases
  • Partnership with OSF Healthcare

OVERVIEW

Colliers Net Lease Capital Markets is pleased to present for sale a single-tenant Physicians Immediate Care urgent care property located at 3475 S. Alpine Rd, Rockford, Illinois. The property is 100% absolute net leased with approximately 7.5 years of remaining lease term and attractive annual rent increases of 2.50%. Encompassing approximately 10,400 square feet on 1.54 acres, the facility operates seven days a week and serves as an established urgent care location within the Rockford market. Physicians Immediate Care is part of WellNow Urgent Care and operates through a strategic partnership with OSF HealthCare (Moody’s: A3), one of the Midwest’s leading not-for-profit health systems. Additionally, the Subject Property is strategically located along South Alpine Road, one of Rockford’s primary commercial corridors, providing excellent visibility and accessibility while benefiting from strong surrounding retail, healthcare, and residential demographics.

FOR SALE DETAILS

PRICE

$3,155,000 USD

PRICE/SF

$303 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding, Health Club

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

74

LAND DETAILS

LAND ACRES

1.54 AC

LAND SF

67,082 SF

ZONING

C2

APN/PARCEL ID

16-05-379-015

ASK ABOUT THIS PROPERTY

Christian VaughanColliersMore Info
918-505-2886

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Christian VaughanColliersMore Info
918-505-2886

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