3801 Auburn St Rockford, IL 61101

This exceptional investment opportunity presents a 12,470 square foot Walgreens located at 3801 Auburn St, Rockford, IL 61101. The property boasts a strong 8.25% cap rate and a substantial net operating income (NOI) of $142,374. The tenant, Walgreens, has over eight years remaining on a net-lease agreement with three five-year extension options, minimizing landlord responsibilities. This prime location along Auburn St and N Central Ave benefits from high visibility to over 31,200 vehicles per day, situated amongst other national retailers like McDonald's and Family Dollar, which rank highly within their national store networks. The property's proximity to major healthcare facilities, Javon Bea Regional Hospital ($1.2 billion annual revenue) and UW Health Swedish-American Hospital ($4.2 billion annual revenue), further enhances its value and stability. Located approximately 90 miles west of the Chicago MSA, this property is within a 5-mile radius of over 125,000 residents. The property was built in 1991 and enjoys 100% occupancy. This offering presents a passive income opportunity for investors seeking strong, long-term cash flow backed by a leading tenant in a prime market with excellent real estate fundamentals. The asking price is $1,726,000, translating to a price per square foot of $138.41. There are no scheduled rent bumps during the lease term.