1808 S West Ave - Freestanding FOR SALE


Freeport, IL 61032
$1,799,000 USD
415-397-1966
1808 S West Ave, Freeport, IL for Sale
$1,799,000 USD
Freestanding - FOR SALE
1/6
null | 6.16% Cap Rate

1808 S West Ave
Freeport, IL 61032


HIGHLIGHTS

  • Net Lease - Landlord Responsibilities are Limited to Roof and Structure.
  • Current Term Expires August 2028 with Three, 5-Year Options Remaining.
  • 2% Annual Increases with a Strong Corporate Guarantee with
  • Tenant Has Long Operating History Showing Commitment to the Site.
  • Ideally Located In a Densely Populated Major Retail Trade Area.
  • Freeport is the Largest City in Stephenson County and Home to Fortune 500 Companies.

OVERVIEW

Andersen, Jung & CO. is pleased to present the exclusive fee simple offering for a prime Davita Dialysis at 1808 S West Ave in Freeport, IL. Davita has occupied the property since 2012 and recently extended their lease through 2028 under a NNN lease with minimal Landlord responsibilities. Landlord is responsible for roof and structure only. Tenant reimburses for CAM and Operating Expenses including a management fee up to 4% of the CAM expenses. The property is comprised of 6,515 square feet and sits on approximately 0.82 acre of land with ample parking. Originally built in 1991, the property was renovated in 2012 to meet Davita’s brand image and function. Ideally located in a dense major retail trade area full of commercial properties and immediately surrounded by Applebee’s, Burger King, Cricket Wireless, Rent-A-Center, Dunkin Donuts, Dollar Tree, Anytime Fitness, and so much more. Freeport is the largest city in Stephenson County and home to many Fortune 500 companies as well as many farms/agriculture, business, trade, and education. Don’t miss this great opportunity!

FOR SALE DETAILS

PRICE

$1,799,000 USD

PRICE/SF

$276 USD /SF

CAP RATE

6.16%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

DeVita Dialysis

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

58

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,719 SF

ZONING

B

APN/PARCEL ID

18-18-01-478-002

ASK ABOUT THIS PROPERTY

Monica ChungAndersen, Jung & CompanyMore Info
415-397-1966

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Monica ChungAndersen, Jung & CompanyMore Info
415-397-1966

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.