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5946 E State St 9,000 SF 100% Leased Retail Building Rockford, IL 61108 $3,500,000 ($388.89/SF) 6.95% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Within a five mile radius of the property, there are +/-153,502 people.
  • The property is situated in a highly sought after retail corridor and it sits directly on a hard corner of a 4-way signalized intersection with access
  • The traffic count at the site is approximately 33,600/day on E. State St. and 23,000/day on N. Mulford Rd.
  • The Tenants, The Vitamin Shoppe, Stanton Optical and iCryo are under long term hybrid NNN leases.

EXECUTIVE SUMMARY

This center is a prime investment opportunity located at 5946 East State Street, Rockford IL 61108. This modern 9,000 SF standalone retail building, constructed in 2012, boasts high visibility at the bustling intersection of East State Street and North Mulford Road. Anchor tenant The Vitamin Shoppe attracts a steady flow of customers daily, benefitting from 33,600 vehicles passing by on East State Street and 23,000 on North Mulford Road. With a 100% occupancy rate and an NOI of $243,223, this property offers a lucrative investment with a current cap rate of 6.95%. The surrounding demographic profile is strong, with approximately 153,502 people within five miles and high average household incomes, making it an appealing opportunity for investors looking to capitalize on the Rockford market. Don't miss out on this exceptional property with endless potential.

DATA ROOM Click Here to Access

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,000 SF
Building Class
B
Year Built
2013
Price
$3,500,000
Price Per SF
$388.89
Cap Rate
6.95%
NOI
$243,250
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
1.13 AC
Zoning
C3
Parking
38 Spaces (4.22 Spaces per 1,000 SF Leased)
Frontage
136’ on E State St

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • iCryo
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -

For the past 90 years, Mattress Firm and their family of companies have been delivering better sleep by matching customers with their perfect mattress at the perfect price. What started as a few stores has grown into America’s largest specialty mattress store, with thousands of neighborhood stores nationwide. Each Sleep Expert® begins their career with 80 hours of training. But training can only go so far, and that’s where Mattress Firm is different. They believe the best way to guarantee unparalleled service to customers worldwide is to have happy, inspired employees. They have built a culture where people love to come to work and always wake up on the right side of the bed.

  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -

Founded in 1977, The Vitamin Shoppe is a privately held specialty retailer headquartered in Secaucus, New Jersey. The company offers a wide range of nutritional products including vitamins, minerals, sports nutrition, herbs, and natural beauty items. It operates through both physical retail stores and a robust e-commerce platform. The Vitamin Shoppe was acquired by Kingswood Capital Management and Performance Investment Partners in May 2025. As of 2025, the company maintains over 670 store locations across the United States. The Vitamin Shoppe is known for its proprietary brands such as BodyTech, plnt, and Vthrive, and emphasizes rigorous quality assurance across its product lines.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
iCryo Retailer 99,999 SF - Lorem Ipsum -
Retailer 99,999 SF - Lorem Ipsum -
Retailer 99,999 SF - Lorem Ipsum -

NEARBY MAJOR RETAILERS

Crunch Fitness
Starbucks
Chase
Outback Steakhouse
Portillo's
Buffalo Wild Wings
Olive Garden
Red Lobster
Chili's Grill & Bar
Noodles & Company

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
12-28-226-009
Land Assessment
$136,229
Improvements Assessment
$262,232
Total Assessment
$398,461
  • Listing ID: 38571828

  • Date on Market: 11/25/2025

  • Last Updated:

  • Address: 5946 E State St, Rockford, IL 61108

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