Just Listed: Verizon Wireless Next Gen Store | Rockford (Chicago) IL | New Construction
1899 N Perryville Rd
Rockford, IL 61107
FOR SALE NNN Property
Property Type:Single Tenant Retail (NNN)
Last Verified:Oct 20, 2020
- Brand-new single-tenant Verizon Wireless investment opportunity, offering a new 10-year modified triple net (NNN) lease.
- Attractive 10% rental increases every five years in the initial term and throughout the two (2), five-year options.
- Brand-new 2020 construction, opened May 22nd.
- Verizon Wireless is the largest telecommunications provider in The United States.
- Franchisee guarantee by Cellular Sales of Knoxville, Inc., a management company that operates ±770 Verizon Wireless stores in 41 states.
- Average household income of ±$97,352 in a 3-mile radius (Source: Esri).
- 2020 population of ±295,190 in a 10-mile radius (Source: Esri).
- Rockford is the county seat of Winnebago County, located northwest of Chicago, Illinois.
- Top employers in Rockford include: Rockford Public Schools (±4,890 employees), Mercyhealth (±4,520 employees), Fiat Chrysler Automobiles (±3,749 employees), SwedishAmerican Health System (±3,375 employees), and UPS (±2,203 employees) (Source: rockfordil.com, 2020).
- Nearby national retailers include Meijer, Bank of America, US Bank, Home Depot, Starbucks, and more.