Davita - 1808 S West Ave, Freeport, IL
Established Davita Dialysis | 6.40% CAP
Marketing description
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. 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!
Investment 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.
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