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TGI Friday’s

2408 South Perryville Road, Rockford, IL 61108, United States
$2,255,357 7.00% Cap 6,121 sq ft Built 2008 Representative Photo Print This Page

Location

2408 South Perryville Road, Rockford, IL 61108, United States

Price: $2,255,357
CAP: 7.00%
NOI: $157,875
Square Footage: 6,121
Lot Size: 1.68 AC
Options: Four, 5 Year
Increases: 10% Every 5 Years

100% Fee Simple InterestAbsolute NNN LeaseLocated on a Major Commercial ThoroughfareScheduled IncreasesZero Landlord Obligations

The Kase Group is please to present TGI Friday’s located in Rockford, Illinois. The property consists of 6,121 square feet of building space situated on 1.68 acres of land. The tenant is subject to a 20-year absolute net lease with 14 years remaining on the initial term. There are increases of 10% Every 5 Years during the base term and during the four, five year options. The property is strategically located off of Interstate 39 nearby several retailers and the regional mall, CherryVale Mall.

Rockford is a city in northern Illinois. Downtown, the Burpee Museum of Natural History features a dinosaur exhibit. Tinker Swiss Cottage Museum offers rotating exhibits in a Victorian home. Rockford Art Museum exhibits regional American works. The sprawling Anderson Japanese Gardens is across the Rock River. Northeast, Rock Cut State Park shelters muskrats, raccoons and waterfowl.

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