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Three-Tenant Strip Mall
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7310 Walton St, Rockford, IL 61108

Fully occupied retail center with net-leased tenants and an outlot position beside a Walmart Supercenter.

Property Size9,000 SF
Price / SF$476.33
Days on Market149

Property Features for 7310 Walton St

General Information

Standard status Active
Size 9,000 SF
Total Parking Spaces 61
Property subtype Retail
Occupancy 100%
Lease Type Net
Investment Type Net Lease
Net Operating Income $289,389

Additional Details

Cap Rate 6.75%
Traffic Count 26,600 vehicles/day

Building Details

Year Built 2008
Buildings 1
Stories 1
Units 3
Tenancy Multi
Listing Agency: Marcus & Millichap SWM Group
Listed By: Sean Sharko · License #IL 471.010712
Source: Crexi
Added: Apr 3 Changed: Aug 29 Last Checked: Apr 4 at 8:36PM

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 Marcus & Millichap SWM Group

Investment Insights

Based on property information with market context.

The 9,000-square-foot strip mall was built in 2008 and is fully occupied by Aspen Dental, Sleep Number, and Fast Signs. All three leases are structured as NNN, with limited landlord responsibilities. The property serves as an outlot to the Walmart Supercenter at 7310 Walton St. in Rockford, Illinois.

State Street provides exposure to 26,600 vehicles per day, while Interstate 90 is just under one mile away and carries 72,700 vehicles per day. The surrounding retail corridor includes Forest Plaza and other shopping centers. Tenant tenure includes Aspen Dental since 2009, Sleep Number since 2014, and Fast Signs since 2017.

Key Highlights

  • 9,000‑square‑foot retail center built in 2008
  • 100% occupied by Aspen Dental, Sleep Number, and Fast Signs
  • All three tenants operate under NNN lease structures

Property Analytics

Current Use

Aspen Dental - Rockford, ... Dental Office FASTSIGNS® of Rockford, IL (Bike/Boat/Book/etc) Store Judge Arwinder S ... Dental Office Dr. Vanja Cosic Dental Office Fenton Jill E ... Dental Office

Suggested Use

Top Pick Building Supply Kitchen & Bath Showroom HVAC Service Electrical Service Parking Lot & Garage Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

26,600 VPD
Traffic count

Location Intelligence

Trade Area within ½ mile

778
Businesses Nearby
618k
Monthly Visits Nearby

Foot Traffic Nearby

Superstores 40% Dining 38% Shops & Services 11% Home Improvements & Furnishings 6%
Walmart Superstores
138,676 visits/mo 0.2 miles
Sam's Club Superstores
111,742 visits/mo 0.3 miles
Chick-fil-A Dining
62,911 visits/mo 0.4 miles
McDonald's Dining
41,921 visits/mo 0.4 miles
Sam's Club Gas Station Shops & Services
36,211 visits/mo 0.1 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

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Strip mall - Fully occupied retail center with net-leased tenants and an outlot position beside a Walmart Supercenter.
Where is this strip mall located?
The property is located at 7310 Walton St Rockford, IL.
What is the asking price?
The asking price for this property is $4,287,000.
What are key features of this property?
This property features: 9,000‑square‑foot retail center built in 2008; 100% occupied by Aspen Dental, Sleep Number, and Fast Signs; All three tenants operate under NNN lease structures
(630) 570-2169 Call to check price and availability
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