5690 E State St - Drug Store FOR SALE
Rockford, IL 61108 |
5690 E State St
Rockford, IL 61108
HIGHLIGHTS
- STABLE INCOME - Rental income guaranteed by Walgreens corporate (S&P BBB-) investment grade Fortune 500 Company with 9,000+ locations.
- ADJACENT TO 254-BED OSF ST. ANTHONY MEDICAL CTR - Next to OSF Saint Anthony Medical Center that employs over 24,000 staff in Illinois.
- STRONG REPORTED SALES - Walgreens is reporting historically strong sales at this location. This store also sells liquor, beer and wine.
- ABSOLUTE NET LEASE WITH NO LANDLORD RESPONSIBILITIES - There are ±5.5 yrs remaining on this lease with 10 (5-yr) options.
- STRONG EMPLOYMENT BASE - Rockford’s employment base include industries like aerospace, automotive, logistics and advanced manufacturing.
- LOCATED ON MAIN RETAIL CORRIDOR IN ROCKFORD - The store is located along E State St, the main corridor of the large national retail tenants.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Walgreens $6.6M NNN Close to Medical Center
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Convenience Store, Freestanding, Storefront
TOTAL BUILDING SIZE
14490
STORIES
1
YEAR BUILT
2002
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
12-28-202-004
