Investment Overview

Marcus & Millichap is pleased to offer for sale this single-tenant Net Leased building occupied by FleetPride located at 3434 11th Street, Rockford, IL. The property consists of a 17,899-square foot industrial building located just off of the US 20 freeway on 11th Street with over 19,490 vehicles per day. FleetPride signed a brand-new 5 year lease in June 2022 with major annual increases equating to $6,000 fixed with 1 (5-Year) option to extend. FleetPride was founded in 1999 and is headquartered in Irving, TX, FleetPride is the nation’s largest distributor of truck and trailer parts and service in the independent heavy-duty aftermarket. FleetPride’s sophisticated network of 330+ locations, which includes 75+ service centers and 5 distribution centers means customers get the parts and services they need when and there they need them. This offering is ideal for an investor who is seeking a single-tenant Net Leased asset with no management responsibilities. The property has an attractive 6.09% capitalization rate with annual $6,000 fixed increases for the initial term of the lease or priced at $61 price per square foot with annual rent being paid at just $4.02 per square foot.