1680 Alpine RdRockford, IL 61108

Property Details for 1680 Alpine Rd

Year built

1962

Construction

WOOD

Property size (Sq ft)

5,344 SF

Zone code

C2

Property type

Commercial real estate

APN

12-17-327-026

APU

1217327026

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $1,104,465

  Hospitality

  $1,011,684

  Educational

  $841,709

  Medical

  $870,657

  Retail

  $1,309,326

Location Insight

City

Rockford

County

Winnebago

State

Illinois

Latitude

42.2868

Longitude

-89.0297

CBSA code

40420

CBSA name

ROCKFORD, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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