525 S. Perryville Road, Rockford, IL 61108

Cap Rate
Price Per SF
Year Built
Leasable Area
15,288 SF
Term Remaining
± 8 YRS

Broker of Record

  • Kyle Matthews
  • License No. 471019766 (IL)
  • 866 889 0550
  • Matthews Retail Group
  • 841 Apollo Street,
    Suite 150, El Segundo, CA


  • 8 years remaining on a corporately guaranteed lease with La-Z-Boy Incorporated
  • High-quality 2017 build-to-suit and one of La-Z-Boy’s newest prototype’s/footprints
  • Hands-off ownership structure, with LL only responsible for roof and structure – tenant handles tax, CAM and insurance directly
  • 10-year manufacturers roof warranty in place
  • La-Z-Boy (NYSE: LZB) has over 350 locations and a market cap of $1.36 billion
  • Over the past 5 years, La-Z-Boy has seen a sales increase of $310 million, an operating income increase of over $60 million and a 65.6% increase in share price
  • The offering sits on an oversized 2.71-acre parcel, with frontage and access to over 28,000 vehicles per day on S. Perryville Road
  • Traffic counts exceed 60,000 vehicles per day at the intersection of S. Perryville Road and E. State Street which hosts a good mix of national retailers such as Walmart, Sam’s Club, Ashley Furniture, McDonald’s and Panda Express
  • E. State Street acts as the main retail corridor for Rockford and includes the likes of Target, Home Depot, Burlington, Michael’s, Starbucks, Dick’s, ALDI, Buffalo Wild Wings, Panera Bread, Chipotle and Chick Fil A
  • Rockford is Illinois’ 3rd largest city, with over 147,000 residents and roughly 88 miles from downtown Chicago
  • The offering benefits from having over 116,000 residents within a 5-mile radius and an average household income north of $75,000