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2570 Charles St, Rockford, IL, 61108

Starbucks
$2,677,000

Key Information

Cap Rate
6.35%
Lot Size
1.32 Acres
Year Built
2026
Term Remaining
±15 YRS
Type
Retail
Leasable Area
2,480

Highlights

  • LONG-TERM NNN LEASE | 15-YEAR TERM | 10% INCREASES
    Secured by a rare 15-year NNN lease with 10% rental increases after the first five years and throughout each of the four 5-year option periods, providing long-term income durability, built-in yield growth, and reduced rollover risk.
  • PASSIVE, HANDS-OFF INVESTMENT STRUCTURE
    The investment benefits from a passive ownership structure, with the shopping center owner responsible for maintaining landscaped areas, parking lot, and sidewalks, providing a stable cash-flow profile with virtually no day-to-day involvement.
  • BRAND NEW CONSTRUCTION | HIGH-CAPACITY DRIVE-THRU
    2026 construction (±2,480 SF on 1.32 acres) featuring the tenant’s latest prototype with both drive-thru and dine-in, including a 17-car stacking lane designed to accommodate high-volume demand.
  • STRATEGIC ROCKFORD MSA LOCATION
    Located within the Rockford MSA, Illinois’ fourth-largest metro, with proximity to Chicago, Madison, and Milwaukee, supported by a diversified economy driven by manufacturing, healthcare, and aerospace.
  • OUTPARCEL TO DOMINANT RETAIL CENTER
    Positioned as a prominent outparcel to Rockford Plaza, a high-traffic retail center with strong national tenancy, benefiting from consistent consumer traffic and cross-shopping patterns.
  • SHADOW-ANCHORED BY TOP-PERFORMING GROCER
    Adjacent to Schnucks, a leading regional grocer ranking in the Top 5% nationwide by customer visits, significantly enhancing site traffic and supporting long-term tenant performance.

Photos

Location

Agents

Broker of Record

Matthew M. Fitzgerald

License # 471021676, 478027547 (IL)
Matthews Real Estate Investment Services, Inc
600 W Fulton, Ste 100 Chicago, IL 60661