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DeVita Dialysis 1808 S West Ave 6,515 SF Retail Building Freeport, IL 61032 $1,799,000 ($276.13/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
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
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 traces its roots to a kidney care business founded in 1992 and later known as Total Renal Care before adopting the DaVita name in 2000. DaVita now focuses on dialysis services, kidney health education, and support for people living with chronic kidney disease and end-stage kidney disease. DaVita also operates business lines in integrated kidney care, clinical research, physician solutions, and venture investing, reflecting a broader platform built around kidney care and related health services. The company serves patients through a wide U.S. network and also maintains an international presence outside the United States.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 18-18-01-478-002 | Improvements Assessment | $103,309 |
| Land Assessment | $89,557 | Total Assessment | $192,866 |
Property Taxes
Presented by
DeVita Dialysis | 1808 S West Ave
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