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Views: 77 DOM: 362 Updated: 05.20.24 Posted: 11.28.23 Status: Active

Summary

Price $990,600
Built/Renov 1991/1999
Tenant Athletico Physical Therapy
Cap Rate 7.00%
Lease Type NN+
Guarantor Corporate
Size/SF 4,953
Lease Start 11-01-2009
#Units 900
Price/SF $200.00
Expiration 04-30-2034
Tenant Type Medical/Health
NOI $69,342
R. Term 9.5
Ownership Fee Simple
Rent/SF $14.00
Increases 5.0%/6/yrs
Pop 5Mi 151,780
Lot/AC 2.58
Options 0/0yrs
AHHI 5Mi $71,913

Lease Highlights

  • Athletico Physical Therapy has been operating in this location for 15+ years
  • The tenant recently extended their lease early and has 10+ years of primary term remaining
  • The lease features a 5% rent escalation in 2029
  • Favorable NN+ lease with landlord responsibilities limited to roof & structure
  • Corporate guaranteed lease

Location Description

Athletico Physical Therapy is strategically located at the signalized intersection of W Riverside Blvd & N Main St, with a combined daily traffic count of 39,420 vehicles. This prime location offers excellent frontage and visibility and serves as a major northwest thoroughfare for Rockford, connecting various neighborhoods and commercial areas. The property is situated within a dense retail...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Athletico is a leading provider of high quality orthopedic rehabilitation services in the United States, offering complete outpatient rehabilitation services to assist people in managing their...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 9,620 65,413 152,780
2023 Total Population : 9,529 64,957 151,780
2023 Employed Civilian Pop : 3,672 29,020 67,833
2023 Total Businesses : 231 1,663 4,841
2023 Average Household Income : $ 57,735 $ 67,848 $ 71,913
2023 Total Consumer Spending : $ 212 M $ 1657 M $ 3949 M
2023 Median Age : 41 41 40
2023 Total Households : 4,172 27,883 62,815
2023 Pop Age 25+: Bachelor's Degree : 843 6,379 14,845
2023 Average Home Value : $ 137,552 $ 163,235 $ 155,587
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
West Riverside Boulevard N Main St 2022 15,600 0.06 mi
N Main St W Riverside Blvd 2005 18,500 0.06 mi
West Riverside Boulevard Robey Ave 2022 17,700 0.08 mi
West Riverside Boulevard N Central Ave 2022 15,600 0.08 mi
N Main St W Riverside Blvd 2005 15,100 0.10 mi
2022 17,700 0.13 mi
IL 2 2021 14,000 0.15 mi
Benington Road Latham St 2022 2,050 0.18 mi
W Riverside Blvd Latham St 2004 20,900 0.20 mi
N Main St Light St 2005 15,100 0.20 mi

Listing Broker

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