Youth Services Network - Rockford, IL
Youth Services Network - Rockford, IL
Illinois Child Welfare Agency
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High-Yield 8.0% Cap Rate | Long-Term 10.5-Year Lease | New 126-Month Lease Term: Lease Commencement: January 1, 2025 and Lease Expiration: June 30, 2035
Stable Rental Income with Built-In Increase: $9,000 per month through June 2030 and $9,500 per month beginning July 2030
Continuous Government & Social Service Occupancy Since 1998 Youth Services Network Relocated to Property Following Redevelopment of Prior Facility and Has Operated Here Approximately 12 Years
State-Licensed Child Welfare Agency Founded in 1982 | Serves Over 8,000 Children and Families Annually | Tenant Provides Essential Community Services in Winnebago & Boone Counties
Strong Tenant Payment History and Positive Operating Relationship with Ownership | 15,590 SF Single-Tenant Facility
Well-Maintained One-Story Brick Building Built 1974 | Renovated 1998 | Downtown Rockford Location Near Winnebago County Courthouse
Low Price Per Square Foot | Approximately $67/SF | Additional Income from Billboard Lease
Local Property Support Available for Seamless Ownership Transition
Ideal for 1031 Exchange Buyers Seeking Higher Yield with Long-Term Tenancy
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107 North 3rd Street, Rockford, IL 61107
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Request Offering Memorandum
Market Summary
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Price $1,058,000
Cap Rate 8.00%
NOI $84,590
Rentable SF 15,590 SF
Price per SF $67.86
Year Built/Renovated 1974/1998
Lot Size 17,198 SF
Description​
COMPASS is pleased to present the opportunity to acquire the Youth Services Network property located at 107 N. 3rd Street in Rockford, Illinois, a single-tenant investment providing stable income from a nonprofit organization delivering essential youth and family services in the region.
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Youth Services Network occupies the entire 15,590-square-foot facility and has operated from the property for approximately 12 years, relocating here when its previous building was removed due to roadway expansion. The property has a long history of public-service occupancy, with the State of Illinois occupying the building beginning in 1998. During the transition, the State reduced its footprint while Youth Services Network expanded within the building, resulting in continuous occupancy with no Vacancy.
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The investment is secured by a 126-month lease commencing January 1, 2025 and extending through June 30, 2035. Rental income begins at $9,000 per month and increases to $9,500 per month in July 2030, providing predictable income growth and long-term cash flow visibility.
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Youth Services Network is a state-licensed child welfare agency founded in 1982 that provides counseling, case management, homeless services, and youth support programs for children and families in Winnebago and Boone Counties, serving more than 8,000 families annually.
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The property is a well-maintained single-story brick building constructed in 1974 and renovated in 1998 with significant mechanical and structural improvements. Located in downtown Rockford near the Winnebago County Courthouse and other civic institutions, the site offers strong accessibility and proximity to key community services.
Offered at an 8.0% capitalization rate and approximately $67 per square foot, the property presents an attractive opportunity for investors seeking a higher-yielding single-tenant asset with long-term tenancy and a proven history of government and social service occupancy.