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2701 S Alpine RdRockford, IL 61109
The Budlong & Taim Mediterranean Kitchen
Asset ClassRetail
9+ Year NNN Lease | 2.5% Annual Increases | Dual Restaurant Concept
overview of deal

Overview

Price: $1,040,000 | Cap Rate: 7.00% | NOI: $72,803

  • Guaranty: Personal
  • Lease Type: Triple-Net (NNN)
  • Rent Increases: 2.5% Annual
  • Options: 2x5- Year
  • Term Remaining: 9.75+ Years
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Investment Highlights

  • 9+ YEARS REMAINING WITH 2.5% ANNUAL RENT INCREASES
  • ADJACENT TO UTC AEROSPACE SYSTEMS – 2,300 EMPLOYEES – ONE OF ROCKFORD’S LARGEST EMPLOYERS
  • PRIME VISIBILITY WITH 44,100+ COMBINED VEHICLES PER DAY AT SOUTH ALPINE ROAD & HARRISON AVENUE
  • TENANT INVESTING SIGNIFICANT CAPITAL INTO RENOVATIONS, DEMONSTRATING LONG-TERM COMMITMENT TO THE SITE
  • TWO-TENANT BUILDING OPERATING UNDER A SINGLE NET LEASE STRUCTURE

 

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2701 S Alpine RdRockford, IL 61109

Sales Team

Drew IsaacSenior Managing Director Investments(303) 328-2048drew.isaac@marcusmillichap.com
STEVEN WEINSTOCKIL Broker of Record

License #: License: 471.011175

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