Family Dollar | 11 Year NN Lease | 7.25% Cap 1426-1432 S Main St 9,451 SF Retail Building Rockford, IL 61102 $2,032,081 CAD ($215.01 CAD/SF) 7.25% Cap Rate

The Snyder Carlton team is pleased to present for sale a single tenant Family Dollar store located at 1432 S Main Street in Rockford, IL. Family Dollar signed a lease at this location back in 2007 and recently executed an early 10-year lease extension. The lease now has 10.75 years of primary term remaining with three 5-year option periods. There are 10% increases in each of the option periods. The store size is 9,451 SF and is situated on a 0.88 Acre Lot Size. Family Dollar is part of a larger neighborhood shopping center anchored by a regional grocer, Food Market La Chiquita & Taqueria. Additional tenants in the center include Rent-A-Center and a Mobil Gas Station on the outparcel. The lease is NN with landlord responsible for roof, structure, walls, parking lot, lighting, and snow removal. The Tenant contributes an additional $2,700 per year towards CAM costs. Tenant CAM contributions increase 2.00% annually.
This is a corporate guaranteed lease by Family Dollar, LLC. Family Dollar which has a standalone S&P Credit Rating of “B”. Family Dollar Stores, Inc. is an American variety store chain founded in 1959 by Leon Levine in Charlotte, NC. Family Dollar currently operates over 8,200 store locations with headquarters in Chesapeake, VA. Family Dollar is a privately held company and is owned by private equity firms Brigade Capital Management, Macellum Capital Management, and Arkhouse Management Co, which purchased the chain from Dollar Tree for approximately $1.01 Billion on July 7, 2025.
This Family Dollar Store experiences exceptional unit level sales. Last year, reported store sales were $2,768,376 which is up from $2,624,613 the year prior. This has been a consistent performing Family Dollar Store with year over year sales increases since opening for business.
Rockford is a city in Winnebago and Ogle counties in the U.S. state of Illinois. It is located in far northern Illinois on the banks of the Rock River. It is the fifth-most populous city in Illinois, with a population of 148,655 at the 2020 census. The Rockford metropolitan area has an estimated 337,000 residents. Rockford is the county seat of Winnebago County and the most populous city in Illinois outside the Chicago metropolitan area.