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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
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.
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
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
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- -
-
Lorem Ipsum
-
Jan 0000
Sleep Number began in 1987 as Select Comfort and adopted the Sleep Number name in 2017. Sleep Number focuses on adjustable mattresses and bedding, and the company’s current product lineup also includes pillows, bases, furniture, and other sleep accessories. Sleep Number also centers the business on sleep science and data-driven product research, using smart-bed technology and research collaborations to study sleep quality and related health outcomes. Sleep Number maintains a significant retail presence in the United States and continues to update the mattress portfolio with new collections designed to adapt to changing comfort needs.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 12-23-377-025 | Improvements Assessment | $293,973 |
| Land Assessment | $165,306 | Total Assessment | $459,279 |
Property Taxes
Parcel Number
12-23-377-025
Land Assessment
$165,306
Improvements Assessment
$293,973
Total Assessment
$459,279
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Three-Tenant Walmart Outlot | 7310 Walton St
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