Walgreens - Rockford, IL_Imóvel à venda
Walgreens - Rockford, IL_Imóvel à venda
3801 Auburn Street, Rockford, IL, 61101, US

Walgreens - Rockford, IL

Descrição do ativo

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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Atributos

Preço pedido
€ 1.743.000
Taxa de capitalização
7,5%
NOI
€ 131.000
WAULT
8 anos
Área de construção líquida
1.159 m²
Ano de construção
1991
Ocupação
100%

Mídia

Destaques do investimento

  • 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_Imóvel à venda

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Walgreens - Rockford, IL (0 Propriedades)
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Última atualização
Jul 15, 2024