5690 E State St | Rockford, IL 61108
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- LoopNet Team
5690 E State St
Rockford, IL 61108
Walgreens $6.6M NNN Close to Medical Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- STABLE INCOME - Rental income guaranteed by Walgreens corporate (S&P BBB-) investment grade Fortune 500 Company with 9,000+ locations.
- STRONG REPORTED SALES - Walgreens is reporting historically strong sales at this location. This store also sells liquor, beer and wine.
- STRONG EMPLOYMENT BASE - Rockford’s employment base include industries like aerospace, automotive, logistics and advanced manufacturing.
- ADJACENT TO 254-BED OSF ST. ANTHONY MEDICAL CTR - Next to OSF Saint Anthony Medical Center that employs over 24,000 staff in Illinois.
- ABSOLUTE NET LEASE WITH NO LANDLORD RESPONSIBILITIES - There are ±5.5 yrs remaining on this lease with 10 (5-yr) options.
- LOCATED ON MAIN RETAIL CORRIDOR IN ROCKFORD - The store is located along E State St, the main corridor of the large national retail tenants.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
14,490 SF
Building Class
C
Year Built
2002
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.79 AC
Zoning
C3
Frontage
PROPERTY TAXES
| Parcel Number | 12-28-202-004 | Improvements Assessment | $497,930 |
| Land Assessment | $249,706 | Total Assessment | $747,635 |
PROPERTY TAXES
Parcel Number
12-28-202-004
Land Assessment
$249,706
Improvements Assessment
$497,930
Total Assessment
$747,635
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