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Drug Store

Walgreens | Low Rent & Strong Sales | Near Large Hospital

3803 Auburn St, Rockford, IL 61101

Listing Price: $2,109,252

Cap Rate
6.75%
Tenant Name
Walgreens
Years Remaining On Lease
8.8
Guarantor
Corporate Guarantee
Rentable SF
12,544
Lease Type
Absolute Net
Rent Per Square Feet
$11.35

Investment Overview

LOWER RENT & PRICE POINT WALGREENS
• This Walgreens has a lower rent of $142,374 per year which equates to a lower price point of $2.1 Million.

1 MILE FROM ROCKFORD MEMORIAL HOSPITAL (396 BEDS)
• This Walgreens is 1 mile from Rockford Memorial Hospital. This the main hospital in the city with 396 beds and 1,938 employees.
• Located at the signalized intersection of Auburn St & N Central Ave with a combined 19,500 VPD.
• The property is also directly next to an ALDI.

5 MILE POPULATION: 132,080
• Located in a dense residential infill with 132,080 residents in a 5 mile radius.

ROCKFORD, IL
• Rockford is the county seat of Winnebago County and is the 5th largest city in the state.
• The city is located in the burgeoning I-90 growth corridor and is part of the 3rd largest economic corridor in the U.S.
• Rockford has high performing world class industry clusters in aerospace, automotive, logistics and advanced manufacturing. Rockford is also a growing regional center for health care.
• Rockford is home to the operations of several large companies such as: Mercy Health System, Swedish American, part of UW Health, Collins Aerospace, United Parcel Service, OSF St. Anthony’s Healthcare, Fiat Chrysler, Woodward Inc., Lowe’s Distribution Center, Mondelez International, and Packaging Coordinators Inc.
• Rockford is 60 minutes from O’Hare International Airport (ORD) and is served by the city’s own international airport – Chicago Rockford International Airport (RFD). RFD is home to the second largest UPS air cargo hub in the country.

8.5 YEAR CORPORATE NN LEASE
• This is a 12,544 SF Walgreens that has been operating at this location since 1991
• The subject property has a corporate guaranteed NN Lease with Walgreens that commenced in November 1991 and expires in April 2032
• Tenant has options to terminate the lease every 5 years beginning on April 30, 2032 with 6 months’ notice
• The Tenant is responsible for Parking Lot Repair, non-structural CAM, Taxes, and Insurance
• The Landlord is responsible for Roof, Structure, and parking lot replacement

INVESTMENT GRADE TENANT
• Walgreens Boots Alliance is the largest retail pharmacy, health and daily living destination across the U.S. and Europe with 9,277 stores in all 50 states.
• Walgreens is publicly traded (WBA: NYSE) with a net worth in excess of $110 billion.
• Both Walgreen Co. and Walgreens Boots Alliance, Inc. are investment-grade rated each with a Standard & Poor’s rating of BBB.

Investment Highlights

  • Lower Rent & Price Point Walgreens
  • 1 Mile From Rockford Memorial Hospital (396 Beds)
  • 5 Mile Population: 132,080
  • Rockford, IL
  • 8.5 Year Corporate Lease
  • Investment Grade Tenant

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Financing By

Drug Store

Walgreens | Low Rent & Strong Sales | Near Large Hospital

Listing Price: $2,109,252

Cap Rate
6.75%
Tenant Name
Walgreens
Years Remaining On Lease
8.8
Guarantor
Corporate Guarantee
Rentable SF
12,544
Lease Type
Absolute Net
Rent Per Square Feet
$11.35

Investment Highlights

  • Lower Rent & Price Point Walgreens
  • 1 Mile From Rockford Memorial Hospital (396 Beds)
  • 5 Mile Population: 132,080
  • Rockford, IL
  • 8.5 Year Corporate Lease
  • Investment Grade Tenant

Investment Overview

LOWER RENT & PRICE POINT WALGREENS • This Walgreens has a lower rent of $142,374 per year which equates to a lower price point of $2.1 Million. 1 MILE FROM ROCKFORD MEMORIAL HOSPITAL (396 BEDS) • This Walgreens is 1 mile from Rockford Memorial Hospital. This the main hospital in the city with 396 beds and 1,938 employees. • Located at the signalized intersection of Auburn St & N Central Ave with a combined 19,500 VPD. • The property is also directly next to an ALDI. 5 MILE POPULATION: 132,080 • Located in a dense residential infill with 132,080 residents in a 5 mile radius. ROCKFORD, IL • Rockford is the county seat of Winnebago County and is the 5th largest city in the state. • The city is located in the burgeoning I-90 growth corridor and is part of the 3rd largest economic corridor in the U.S. • Rockford has high performing world class industry clusters in aerospace, automotive, logistics and advanced manufacturing. Rockford is also a growing regional center for health care. • Rockford is home to the operations of several large companies such as: Mercy Health System, Swedish American, part of UW Health, Collins Aerospace, United Parcel Service, OSF St. Anthony’s Healthcare, Fiat Chrysler, Woodward Inc., Lowe’s Distribution Center, Mondelez International, and Packaging Coordinators Inc. • Rockford is 60 minutes from O’Hare International Airport (ORD) and is served by the city’s own international airport – Chicago Rockford International Airport (RFD). RFD is home to the second largest UPS air cargo hub in the country. 8.5 YEAR CORPORATE NN LEASE • This is a 12,544 SF Walgreens that has been operating at this location since 1991 • The subject property has a corporate guaranteed NN Lease with Walgreens that commenced in November 1991 and expires in April 2032 • Tenant has options to terminate the lease every 5 years beginning on April 30, 2032 with 6 months’ notice • The Tenant is responsible for Parking Lot Repair, non-structural CAM, Taxes, and Insurance • The Landlord is responsible for Roof, Structure, and parking lot replacement INVESTMENT GRADE TENANT • Walgreens Boots Alliance is the largest retail pharmacy, health and daily living destination across the U.S. and Europe with 9,277 stores in all 50 states. • Walgreens is publicly traded (WBA: NYSE) with a net worth in excess of $110 billion. • Both Walgreen Co. and Walgreens Boots Alliance, Inc. are investment-grade rated each with a Standard & Poor’s rating of BBB.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

Financing By

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