Net-Leased Restaurant
For Sale
Contact for pricing
2408 S Perryville Rd, Rockford, IL 61108
TGI Friday’s offering 6,121 square feet under a 20-year absolute net lease with 16 years remaining.
Property Size6,121 SF
Lot Size1.68 Acres
Days on Market121
Property Features for 2408 S Perryville Rd
General Information
Standard status
Active
Size
6,121 SF
Lot size
1.68 Acres
Property subtype
Retail
Additional Details
Highway Access
Yes
Building Details
Tenancy
Single
Listing Agency:
The Kase Group
(415) 269-2474
Listed By:
Jacob Abusharkh · License #CA 01385529
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 21 at 12:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Kase Group
Investment Insights
Based on property information with market context.
The property is a TGI Friday’s restaurant facility with 6,121 square feet of building space on 1.68 acres. The asset is offered subject to a 20-year absolute net lease, with 16 years remaining on the initial term. Lease rent increases are scheduled at 10% every five years during the base term and through the four, five-year options.
The site is located off Interstate 39 in Rockford, Illinois, near several retailers and CherryVale Mall.
This offering includes the restaurant improvements and associated land within the leased premises, structured for long-term tenancy under the stated absolute net lease terms.
The site is located off Interstate 39 in Rockford, Illinois, near several retailers and CherryVale Mall.
This offering includes the restaurant improvements and associated land within the leased premises, structured for long-term tenancy under the stated absolute net lease terms.
Key Highlights
- 6,121 SF TGI Friday’s building on 1.68 acres of land in Rockford, IL
- Tenant is under a 20‑year absolute net lease with 16 years remaining on the initial term
- Lease rent increases of 10% every 5 years during the base term and four 5‑year options
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
448
Businesses Nearby
232k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 31%
Home Improvements & Furnishings 27%
Dining 17%
Groceries 14%
Menards
Home Improvements & Furnishings
63,494 visits/mo
0.4 miles
Macy's
Apparel
36,473 visits/mo
0.4 miles
Schnucks
Groceries
32,724 visits/mo
0.2 miles
JCPenney
Apparel
26,425 visits/mo
0.5 miles
Circle K
Shops & Services
20,352 visits/mo
0.2 miles
Demographics for 61108, IL
29,660
Population
12,650
Households
2.3
Avg Household Size
39
Median Age
24%
College-Educated
87%
High-School Grad
10.9 sq mi
ZIP Area
2,721
Density / Sq Mi
$63,046
Median Household Income
$34,856
Median Earnings
$986
Median Rent
$128,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - TGI Friday’s offering 6,121 square feet under a 20-year absolute net lease with 16 years remaining.
Where is this conventional restaurant located?
The property is located at 2408 S Perryville Rd Rockford, IL.
What are key features of this property?
This property features: 6,121 SF TGI Friday’s building on 1.68 acres of land in Rockford, IL; Tenant is under a 20‑year absolute net lease with 16 years remaining on the initial term; Lease rent increases of 10% every 5 years during the base term and four 5‑year options
