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DeVita Dialysis 1808 S West Ave 6,515 SF Retail Building Freeport, IL 61032 $2,486,848 CAD ($381.71 CAD/SF) 6.16% Cap Rate
Investment Highlights
- Net Lease - Landlord Responsibilities are Limited to Roof and Structure.
- 2% Annual Increases with a Strong Corporate Guarantee with
- Ideally Located In a Densely Populated Major Retail Trade Area.
- Current Term Expires August 2028 with Three, 5-Year Options Remaining.
- Tenant Has Long Operating History Showing Commitment to the Site.
- Freeport is the Largest City in Stephenson County and Home to Fortune 500 Companies.
Executive Summary
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!
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!
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,515 SF
Building Class
C
Year Built/Renovated
1991/2012
Price
$2,486,848 CAD
Price Per SF
$381.71 CAD
Cap Rate
6.16%
NOI
$153,102 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.82 AC
Zoning
B - Commercial
Parking
58 Spaces (8.9 Spaces per 1,000 SF Leased)
Frontage
269’ on South West Avenue
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Health Care and Social Assistance
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
DaVita was established in 1992 and has become a major provider of kidney dialysis services. The company operates thousands of outpatient dialysis centers globally. Services include in-center hemodialysis, peritoneal dialysis, and home dialysis options. DaVita also provides integrated kidney care programs and clinical research services. The company serves hundreds of thousands of patients annually through its network of facilities in the United States and multiple other countries.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 18-18-01-478-002 | Improvements Assessment | $142,809 CAD |
| Land Assessment | $123,799 CAD | Total Assessment | $266,608 CAD |
Property Taxes
Parcel Number
18-18-01-478-002
Land Assessment
$123,799 CAD
Improvements Assessment
$142,809 CAD
Total Assessment
$266,608 CAD
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DeVita Dialysis | 1808 S West Ave
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