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Listing provided by Revere CRE
Overview
Investment Highlights
Gallery
Location
Contact
Sign Agreement
2701 S Alpine Rd
Rockford, IL 61109
The Budlong & Taim Mediterranean Kitchen
Asset Class
Retail
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9+ Year NNN Lease | 2.5% Annual Increases | Dual Restaurant Concept
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 Rd
Rockford, IL 61109
Sales Team
Drew Isaac
Senior Managing Director Investments
(303) 328-2048
drew.isaac@marcusmillichap.com
James Rassenfoss
First Vice President, Brokerage
(303) 328-2022
james.rassenfoss@marcusmillichap.com
Ian Hicks
Associate
(303) 328-2014
ian.hicks@marcusmillichap.com
STEVEN WEINSTOCK
IL Broker of Record
License #: License: 471.011175
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