Walgreens - State St, Rockford, IL

1201 E. State Str, Rockford, IL

The property is well located adjacent to the Swedish American Hospital and features good visibility and access from the surrounding roads. Directly south of the property is a fully occupied outpatient medical building also leased by the Hospital. The Hospital will begin their $130m expansion project in Fall 2017 – the new wing will house 357 beds as well as create an estimated 600 construction jobs. In light of the sustained growth of the area, we plan to hold this asset long term.