Below replacement cost at $121 psf ! 3861 Auburn St 15,550 SF Retail Building Rockford, IL 61101 $2,610,620 CAD ($167.89 CAD/SF) 8.30% Cap Rate

For a complete Offering Memorandum, please click on the left side under the property image. For additional details or to submit an offer, contact Ray Pardilla at 707-652-8363.

We are pleased to present a brand-new 10-year lease in a fully renovated Dollar Tree, located just 89 miles from Chicago. The property is Net Net Leased (NN), offering minimal landlord responsibilities, with potential tenant reimbursements as specified in the lease. The lease includes three five-year renewal options, with a $0.50 per square foot rental increase every five years, applicable during both the initial term and the renewal periods. This lease is corporately guaranteed by Dollar Tree, which holds an S&P "BBB" investment-grade rating.

Rent commenced on May 31, 2024, with the lease set to expire on May 31, 2034. This Family Dollar | Dollar Tree store is strategically positioned at the corner of North Central Ave. and Auburn St., next to high-traffic neighbors such as Walgreens and McDonald's, offering excellent visibility and foot traffic.

The extensively remodelled the property to the Tenants strict standards in 2023 and 2024 and includes a 15,550-square-foot building on a 1.79-acre lot, making it an ideal option for 1031 exchange buyers. The asking price for this investment is $1,732,147, generating a Net Operating Income (NOI) of $141,170 annually, resulting in a competitive cap rate of 8.15%.

Additionally, the property includes an ATM lease expiring on January 31, 2025, with the tenant having occupied the location since 2006 and one three-year renewal option, featuring a 5% rent increase. The combined asking price for the Dollar Tree and ATM is $1,888,333 at an 8.30% CAP.

This investment offers both long-term stability and a strong return, making it an excellent choice for investors seeking a solid, corporate-backed lease in a prime retail location.