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Rockford, IL - SwedishAmerican Health EMS
4120 Charles St | Rockford, IL 61108
13,570 SF
± SF Building Size1.06
± AC Lot SizeDescription
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, freestanding, necessity-based investment property located in Rockford, IL. The tenant, SwedishAmerican Realty Corporation, has an extensive historical occupancy, having operated at the site since 2004, and has 4 years of firm term remaining on their lease. The lease is signed by a subsidiary of the corporate entity and is NN with limited landlord responsibilities, making this an ideal, low-management investment opportunity for a passive investor. The building has recently received extensive renovations with a new roof (2019), new parking lot overlay (2020), and a brand-new covered garage space (2019) for its ambulances and trailers, demonstrating SwedishAmerican’s continued commitment to the site. The subject, located just 2.25 miles southeast from the SwedishAmerican Hospital (357 beds), provides Emergency Medical Services in addition to providing training for EMTs, technicians, community outreach programs for car seats, and more, adding tremendous value to the hospital and the community.
Location
The SwedishAmerican EMS property is strategically located at the hard corner intersection of Charles Street and Parkside Drive, averaging a combined 37,400 vehicles passing by daily. Interstate 90, Interstate 39, and numerous other State Highways allow this to be a centralized location with easy commutes for employees and patients. The subject is ideally situated within a dense trade area with numerous nearby national/credit tenants including Schnucks, Planet Fitness, Aaron’s, AutoZone, Dollar General, CVS, Walgreens, and many others. Furthermore, the property is near numerous single-family communities and multi-family complexes including Orchard Hills (54 units), Paulson Apartments (72 units), Buckingham Square (120 units), and others, providing a direct employee and patient base from which the site can draw. The 5-mile trade area is supported by over 167,000 residents and 107,600 daytime employees, with a healthy average household income of $72,526.