Description

6280 East State Street is a fully occupied retail strip offered for sale in Rockford, IL. Its 24,800 SF of gross leasable area sits on a 1.66-acre outparcel, pairing an established tenant lineup with exposure along East State Street.

The Property is leased to Boot Barn, Old Chicago Pizza + Taproom, Sally Beauty, and Team Rehabilitation Physical Therapy. That mix brings retail, dining, and outpatient therapy into one building rather than relying on a single tenant category. Occupancy is 100%, and the 7-year weighted average lease term gives an investor a defined lease horizon. Three of the four tenants signed leases since 2024, adding recent leasing activity to the property's income story.

East State Street carries 29,518 AADT at the Property, putting the tenant lineup in front of traffic on Rockford's primary east-west retail thoroughfare. The site is an outparcel to State Street Market, anchored by Schnucks, Burlington, and PetSmart. Target-anchored Rockford Crossings is directly adjacent, while Kohl's-anchored Forest Plaza is across the street. Those neighboring centers place the Property among established shopping destinations and give each tenant a recognizable retail setting.

The asking price is $5,389,000, or $217.30 PSF, at a 7.75% cap rate. In-place NOI of $417,678 and in-place rents of $423,040 let buyers consider the current income alongside the lease term and full occupancy. For a retail investor, the proposition is a leased outparcel with several tenant categories and direct proximity to major shopping centers. Review the Offering Materials for the next step in the acquisition.