633 Ridgeview Dr - Office FOR SALE


Mchenry, IL 60050- Liberty Square
$1,499,950 USD
262-672-8388
633 Ridgeview Dr, Mchenry, IL for Sale
$1,499,950 USD
Office - FOR SALE
1/3
null | 7.62% Cap Rate

633 Ridgeview Dr
Mchenry, IL 60050
Liberty Square


HIGHLIGHTS

  • CREDIT-RATED NATIONAL TENANT: Leased in its entirety to Advocate Medical Group, a subsidiary of Advocate Health
  • STABILIZED CASH FLOW WITH LONG-TERM LEASE: Recently extended lease term through 2030 ensures sustained rental income and minimizes near-term rollover
  • CONTRACTUAL RENT ESCALATIONS: Annual increases of $0.50 per square foot provide built-in revenue growth and hedge against inflation.
  • MINIMIZED LANDLORD OBLIGATIONS: Tenant is responsible for interior maintenance, landscaping, and snow removal, limiting landlord responsibilities
  • ATTRACTIVE LOCAL DEMOGRAPHICS: Located within a strong suburban market characterized by high household incomes
  • PURPOSE-BUILT MEDICAL INTERIOR: Modern clinical build-out features seven exam rooms and an on-site lab

OVERVIEW

Broker of Record Matthew M. Fitzgerald License No. 478027547 (IL) (866) 889-0550 Matthews Real Estate Investment Services, Inc 1600 West End, Ste. 1500 Nashville, TN 37203

FOR SALE DETAILS

PRICE

$1,499,950 USD

PRICE/SF

$349 USD /SF

CAP RATE

7.62%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

-

APN/PARCEL ID

14-03-401-005,14-03-401-006

ASK ABOUT THIS PROPERTY

Kyle MackulakMatthews Real Estate Investment ServicesMore Info
262-672-8388

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Kyle MackulakMatthews Real Estate Investment ServicesMore Info
262-672-8388

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