Walgreens - Rockford, IL_Pand te koop
Walgreens - Rockford, IL_Pand te koop
3801 Auburn Street, Rockford, IL, 61101, US

Walgreens - Rockford, IL

Objectomschrijving

JLL is pleased to exclusively offer for sale the Walgreens (the “Tenant”) at 3801 Auburn Street in Rockford, IL (the “Property” or the “Asset”). With over 375,000 visitors per year, this location also has strong reported store level sales of $1,561,000 (excluding RX). The Asset is also highly ranked in the 78th and 80th percentile of Walgreens stores in the nation and within a 15-mile radius, respectively (per Placer.ai). The Property is favorably situated along Auburn Street and North Central Avenue, which benefits from its direct exposure to more than 31,200 vehicles per day. The Auburn Street corridor features national retailers, including a McDonald’s and Family Dollar– which are ranked in the 82nd and 78th percentile of their respective stores in the nation, respectively (per Placer.ai). The Property is less than four miles from Javon Bea Regional Hospital, a 211-bed hospital which brings $1.2 billion in revenue annually, and UW Health Swedish-American Hospital, a 324-bed hospital which brings $4.2 billion in revenue annually. The Asset is also proximate to Summerdale Elementary School, West Middle School, and Rock Valley College, which have a combined 7,000+ students enrolled.



The Tenant has 8+ years remaining on their NN lease with minimal landlord responsibilities. This offering presents a passive income opportunity for investors seeking growing, long-term cash flow backed by industry-leading tenancy in a premier market with exceptional real estate fundamentals.


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Attributen

Vraagprijs
€ 1.744.000
Cap rate
7,5%
NOI
€ 131.000
WAULT
8 jaren
Netto gebouwoppervlakte
1.159 vierkante meter
Bouwjaar
1991
Bezettingspercentage
100%

Media

Investeringskenmerken

  • Tenant has over 8.0 years remaining on a NN lease structure with minimal landlord responsibilities
  • Prime location along Auburn St and N Central Ave gaining direct visibility to over 31,200 VPD
  • The Auburn St stretch is home to national retailers like McDonald’s and Family Dollar, ranking in the higher percentiles (82nd & 78th respectively) of their national stores (per Placer.ai)
  • Situated less than four miles from the Property is Javon Bea Regional Hospital, a profitable 211-bed facility grossing $1.2 billion annually, and UW Health Swedish-American Hospital, a 324-bed facility with an annual revenue of $4.2 billion
  • Property is approximately 90 miles west of the Chicago MSA
  • over 125K residents within a 5-mi radius
Walgreens - Rockford, IL 4_Pand te koop

Contact adviseurs

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Laatst bijgewerkt
Jul 15, 2024