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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.

Offering Memorandum

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Freestanding

Building Size

9,000 SF

Building Class

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

Parking

38 Spaces (4.22 Spaces per 1,000 SF Leased)

Frontage

136’ on E State St

iCryo
Retailer
99,999 SF
-
Lorem Ipsum
-

Retailer
99,999 SF
-
Lorem Ipsum
-

Mattress Firm is a national retailer of mattresses and sleep products headquartered in Houston, Texas. The company was founded in 1986 and began as a single store before expanding into a nationwide chain through organic growth and acquisitions. Over time, the retailer increased its presence across major metropolitan markets, developing a wide selection of mattresses, bedding accessories, and related products offered through both physical stores and online channels. Its business has included partnerships with major mattress manufacturers and the development of private-label brands. Mattress Firm operates as a subsidiary under its parent organization and maintains a retail-focused model supported by distribution and customer service infrastructure.

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.