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Three-Tenant Walmart Outlot 7310 Walton St 9,000 SF 100% Leased Retail Building Rockford, IL 61108 $4,287,000 ($476.33/SF) 6.75% Cap Rate

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Investment Highlights

Outlot to a Top Performing Walmart Supercenter | This Walmart Supercenter Ranks in the Top 10 Percent of Locations in Illinois by Customer Visits
0.9 Miles from On/Off Ramp of Interstate 90, which has a Traffic Volume of 72,700 Vehicles Per Day
One Mile from Hard Rock Casino Rockford, a Brand-New 175,000-Square-Foot, $300 Million Development that Opened in 2024

Long Operating History | Aspen Dental has been Operating Since 2009, Sleep Number Since 2014 and Fast Signs Since 2017
Surrounded by Top Ranked Shopping Centers Drawing Millions of Annual Visitors
Average Household Income of $111,905 within a Three Mile Radius

Executive Summary

This 100 percent occupied retail center features all net-leased tenants—Aspen Dental, Sleep Number, and Fast Signs with minimal landlord responsibilities and strong operating histories. The property is an outlot to a top-performing Walmart Supercenter, which ranks in the top 10 percent of Illinois locations by visits and attracts 2.7 million annual customers (Placer.ai). Tenants have demonstrated long-term commitment, with Aspen Dental operating at this location since 2009, Sleep Number since 2014, and Fast Signs since 2017. Located along State Street with 26,600 vehicles per day and just under a mile from Interstate-90 (72,700 vehicles per day), the site benefits from excellent visibility and access. Surrounded by high-traffic shopping centers, including Forest Plaza, which ranks in the top 3 percent of shopping centers nationally by visits, the property is in a major retail corridor within a dense, affluent trade area.

3 tenant walmart outlot Costar Brochure

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Freestanding

Building Size

9,000 SF

Building Class

Year Built

2008

Price

$4,287,000

Price Per SF

$476.33

Cap Rate

6.75%

NOI

$289,389

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.20

Lot Size

1.04 AC

Zoning

C-3

Parking

61 Spaces (6.16 Spaces per 1,000 SF Leased)

Frontage

227’ on E State St

Retailer
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At Sleep Number®, their purpose is to improve the health and wellbeing of society. They are committed to advancing sleep health; linking smart sleep to individualized wellness through innovation that is informed by data and scientific expertise. Sleep Number is a wellness technology company. They are guided by their purpose to improve the health and wellbeing of society through higher quality sleep; to date, their innovations have improved lives. Their wellness technology platform helps solve sleep problems, whether it’s providing individualized temperature control for each sleeper through their Climate360 smart bed or applying their hours of longitudinal sleep data and expertise to research with global institutions. Their smart bed ecosystem drives best-in-class engagement through dynamic, adjustable, and effortless sleep with personalized digital sleep and health insights; their millions of Smart Sleepers are loyal brand advocates.