Restaurant
Storming Crab
6779 E State St, Rockford, IL 61108
Listing Price: $2,200,000
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a fee simple, single-tenant Storming Crab Restaurant in Rockford, Illinois. The 5,860-square-foot freestanding building sits on a generous 1.29-acre parcel and formerly operated as a Perkins Restaurant & Bakery for 24 years, underscoring the location’s stability. The Property Offers Strong In-Place Cash Flow with a well located asset, while also providing excellent underlying real estate value for future redevelopment should the tenant choose not to renew their lease.
Ideally positioned along high-traffic State Street, with over 50,000 vehicles passing by daily, the property benefits from excellent visibility and is surrounded by major national retailers, including Target, ALDI, Ulta Beauty, Hobby Lobby, Burlington, and PetSmart, creating strong retail synergy and increased traffic to the area.
In 2024, Hard Rock Casino Rockford opened less than half a mile away and quickly became a major regional draw, ranking third in revenues in Illinois by early 2025. T
This location has a strong sales performance and operates as part of a 24-national franchise. The tenant has 10 years remaining on the lease with two (5-year) renewal options with 10% rental increases, offering long-term income stability and growth.
Storming Crab
Investment Highlights
- Situated on the Premier Retail Corridor at a Signalized Intersection, Boasting Over 50,000 Vehicles Per Day
- 15.75-Year Absolute Net Lease with 10 Years Remaining, Providing 10% Rent Increases Every 5 Years and 2-(5 Yr) Options
- Excellent Underlying Real Estate Value for Future Redevelopment Should the Tenant Choose not to Renew their Lease
- Strong Store Sales-Higher Probability of Renewal
Exclusively Listed By
Financing By
Listing Price: $2,200,000
Investment Highlights
- Situated on the Premier Retail Corridor at a Signalized Intersection, Boasting Over 50,000 Vehicles Per Day
- 15.75-Year Absolute Net Lease with 10 Years Remaining, Providing 10% Rent Increases Every 5 Years and 2-(5 Yr) Options
- Excellent Underlying Real Estate Value for Future Redevelopment Should the Tenant Choose not to Renew their Lease
- Strong Store Sales-Higher Probability of Renewal
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a fee simple, single-tenant Storming Crab Restaurant in Rockford, Illinois. The 5,860-square-foot freestanding building sits on a generous 1.29-acre parcel and formerly operated as a Perkins Restaurant & Bakery for 24 years, underscoring the location’s stability. The Property Offers Strong In-Place Cash Flow with a well located asset, while also providing excellent underlying real estate value for future redevelopment should the tenant choose not to renew their lease. Ideally positioned along high-traffic State Street, with over 50,000 vehicles passing by daily, the property benefits from excellent visibility and is surrounded by major national retailers, including Target, ALDI, Ulta Beauty, Hobby Lobby, Burlington, and PetSmart, creating strong retail synergy and increased traffic to the area. In 2024, Hard Rock Casino Rockford opened less than half a mile away and quickly became a major regional draw, ranking third in revenues in Illinois by early 2025. T This location has a strong sales performance and operates as part of a 24-national franchise. The tenant has 10 years remaining on the lease with two (5-year) renewal options with 10% rental increases, offering long-term income stability and growth.
Exclusively Listed By
Financing By
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