Your email has been sent.
3475 S Alpine Rd 10,400 SF Office Building Rockford, IL 61109 $4,366,520 CAD ($419.86 CAD/SF) 6% Cap Rate
Investment Highlights
- Absolute NNN
- Partnership with OSF Healthcare
- 2.5% Annual Increases
Executive Summary
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.
Data Room Click Here to Access
Property Facts
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
WellNow Urgent Care, which acquired Physicians Immediate Care in 2025, began as Five Star Urgent Care in 2012 in New York and rebranded in 2018 while expanding nationwide. The company grew through strategic acquisitions like Physicians Immediate Care in 2022. They provide treatment for non-life-threatening conditions, virtual consultations, and workplace health services. WellNow operates numerous clinics across several Midwestern and Northeastern states. Their business model focuses on accessible healthcare alternatives to emergency rooms through extended hours and walk-in availability.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Property Taxes
| Parcel Number | 16-05-379-015 | Improvements Assessment | $493,896 CAD |
| Land Assessment | $59,727 CAD | Total Assessment | $553,623 CAD |
Property Taxes
Presented by
3475 S Alpine Rd
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.