Three-Tenant Walmart Outlot Rockford — Sale in Rockford, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Rockford, IL 61108

Photos

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Investment Figures

Cap rate
7.25%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

This 100% occupied retail center features all net-leased tenants, Aspen Dental, Sleep Number, and Fast Signs, with minimal landlord responsibilities and strong operating histories. The property is an outlot to a top-performing Walmart Supercenter, which ranks in the top 10% of Illinois locations by visits and attracts 2.7 million annual customers (Placer.ai). Tenants have demonstrated long-term commitment, with Aspen Dental operating at this location since 2009, Sleep Number since 2014, and Fast Signs since 2017. Sleep Number was recently acquired by Sleep Country; with the acquisition it will have more than 800 store locations and will become the second largest sleep retailer in the world. The property is positioned along State Street with 26,600 VPD and just under a mile from Interstate-90 (72,700 VPD), the site benefits from excellent visibility and access. Surrounded by high-traffic shopping centers, including Forest Plaza, which ranks in the top 3% of shopping centers nationally by visits, the property is in a major retail corridor within a dense, affluent trade area. Investment Highlights: • 100 Percent Occupied Retail Center • Outlot to a Top Performing Walmart Supercenter | This Walmart Supercenter Ranks in the Top 10 Percent of Locations in Illinois by Customer Visits (2.7 Million Annual Visitors per Placer.ai) • Long Operating History | Aspen Dental has been Operating Since 2009, Sleep Number Since 2014 and Fast Signs Since 2017 • 0.9 miles from On/Off Ramp of Interstate 90, which has a Traffic Volume of 72,700 Vehicles Per Day • Sleep Number was recently acquired by Sleep Country; with the acquisition it will have more than 800 store locations and will become the second largest sleep retailer in the world • One mile from Hard Rock Casino Rockford, a Brand-New 175,000-Square-Foot, $300 Million Development that Opened in 2024 • Average Household Income of $111,905 within a Three Mile Radius

Market Context

This retail in Rockford, IL is listed for sale. It is offered at an approximate 7.2% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Rockford, IL — view the full market.

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