3861 Auburn St Rockford, IL 61101
- Lifestyle centers
- 15,550 SF
- 1.79 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 3861 Auburn St
- Year built
- 2024
- Lot size
- 1.79 lot acres
- Property size
- 15,550 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a brand-new, 15,550-square-foot Dollar Tree store located at 3861 Auburn St, Rockford, IL 61101. The property sits on a 1.79-acre lot and features a single-story building constructed and renovated in 2024. A 10-year net-net lease with Dollar Tree commenced June 1, 2024, and includes three five-year renewal options with approximately $0.50 per square foot rent bumps every five years throughout the primary term and option periods. The lease is corporately guaranteed by Dollar Tree, providing significant financial stability. The property boasts 100% occupancy and generates a strong net operating income (NOI) of $141,170, resulting in an attractive 8.08% capitalization rate. The asking price is $1,892,888. The property also includes a Chase ATM with a lease expiring January 31, 2025, and one three-year renewal option with a 5% rent increase. This prime retail location benefits from excellent visibility and high foot traffic, situated near Walgreens and McDonald's. The property is ideal for 1031 exchange buyers seeking a secure, long-term investment with a strong corporate tenant and significant upside potential. The building was extensively remodeled to the tenant's standards in 2023 and 2024.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rockford
- County
- Winnebago
- State
- Illinois
- Longitude
- -89.1174
- Latitude
- 42.2884
