4843 Bluestem RdRoscoe, IL 61073
- Commercial real estate
- 15,750 SF
Property Details for 4843 Bluestem Rd
- Year built
- 2000
- Property size (Sq ft)
- 15,750 SF
- Property type
- Commercial real estate
- APN
- 04-29-428-008
- APU
- 429428008
Description
This exceptional investment opportunity presents a single-tenant, absolute NNN leased retail property located at 4843 Bluestem ROAD, Roscoe, IL 61073. The property, built in 2000, boasts a 2.3-acre lot with approximately 83 parking spaces, and features a single-story, 100% occupied building. The current tenant is a major pharmacy chain with an investment-grade credit rating (S&P: BBB) and a full corporate guarantee, ensuring strong cash flow. The lease has approximately 7 years remaining, providing long-term stability. The property generates a substantial net operating income (NOI) of $231,885, resulting in a compelling 9.00% cap rate. The property benefits from a prime location near N 2nd St (approximately 27,800 vehicles per day), strong local and national retail competition (including Schnucks, Subway, Dollar General, McDonald's, and Burger King), and proximity to a new Starbucks. The surrounding area demonstrates robust demographics, with an average household income of $139,885 within one mile and a total population exceeding 154,652 residents within a five-mile radius. Further enhancing the property's value are the excellent local schools and ongoing downtown redevelopment projects. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with significant upside potential. The asking price is $2,576,500.
Location Insight
- City
- Roscoe
- County
- Winnebago
- State
- Illinois
- Latitude
- 42.4328
- Longitude
- -89.0227
- CBSA code
- 40420
- CBSA name
- ROCKFORD, IL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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