Highlights

• Credit tenant lease
• Long term stability

• Strong growth area

Description

This property is in the heart of an area of strong commercial activity and development, strategically located on the growth corridor of Logan Ave. & Belvidere (aka: U.S. Business 20). This 4,500 square foot Sherwin Williams is a prototype design center of all masonry construction. Sherwin Williams has over 3300 stores in 50 states and is rated A- credit by S&P. 12 year base term commenced November 1, 2007, plus 3 5 year options. Rent bumps in years 6, 11, 13, 18 & 23. CAP rate will increase to 7.78% in year 6. Sherwin-Williams had revenues in excess of $8B for 2007 and a net income in excess of $615M.

Belvidere, IL is located on I-90 in north central Illinois and just south of the Wisconsin state border. It is 12 miles east of Rockford, IL and approximately 75 miles from downtown Chicago. Belvidere boasts nearly an 8.5% increase in population over recent years. Other nearby national retailers and restaurants include Super Wal-Mart, Kmart, Applebee' s, McDonalds, Walgreen' s, Starbucks, Pizza Hut, Auto Zone and more. Boone County is in the top 5 fastest growing counties in IL as well as in the top 100 fastest growing nationally.