2137 S Perryville Rd
Rockford, IL 61112
Demolished Sonic · Retail Property For Sale

Sonic Drive-In | 20-Yr Abs NNN |1.75% Annual Bumps SRS National Net Lease Group is pleased to present the opportunity to acquire Sonic Drive-In, a single tenant, absolute NNN leased, 20-year term investment property located in Rockford, IL. Sonic recently signed a brand new, 20 year lease which features annual 1.75% rental increases starting in year 6 and is personally guaranteed by a high net worth individual for the first 5-years of the lease. The lease is absolute NNN with zero landlord responsibilities. The Sonic is located near the signalized, hard corner intersections of S. Perryville Road & Charles Street (28,500 VPD) with excellent visibility. The site is located within a major retail corridor with national/credit tenants that include: Walgreens, Macy' s, JC Penney, Sears, and many more, which creates increased consumer draw in the area. Additionally, the 5-mile trade area is supported by an extemely dense consumer base of more than 278,800 residents with an average household income of more than $62,700 within a 5-mile radius.