1680 Alpine Rd Rockford, IL 61108

This exceptional investment opportunity presents a fee-simple ownership of a 5,000 square foot, free-standing Beef-a-Roo quick-service restaurant in Rockford, Illinois. Located at 1680 N Alpine Rd, 61108, this property boasts a prime location with excellent visibility and accessibility, situated near residential areas and other commercial businesses. The restaurant features a modern design, ample parking, and a convenient drive-thru. The property is currently operating at 100% occupancy under a brand new, 20-year absolute triple-net (NNN) lease with a reputable tenant, offering significant long-term stability and a guaranteed 8.00% cap rate. The lease includes 2% annual rent increases, ensuring consistent growth in income. The asking price is $3,200,000, translating to $640 per square foot. The building was renovated in 2002 and generates a net operating income (NOI) of $256,000. This sale-leaseback opportunity is ideal for investors seeking a secure, passive income stream with significant upside potential. 1031 exchanges are welcome. This is a rare chance to acquire a well-established, high-performing fast-food restaurant in a desirable location.