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ATI Physical Therapy 2701 Sheridan Rd 2,951 SF Retail Building Zion, IL 60099 $1,373,000 ($465.27/SF) 6.25% Cap Rate
Investment Highlights
- ATI Exercised its Two Remaining Option Periods | New 10-Year Term
- Location Averages 14K+ Visits Per Year (Placer.ai)
- New Roof in March 2015 with 15 Year Transferable Warranty
- 2% Annual Increases Throughout Base Term
- 'Naked Lease' Offers Landlord Leverage | ATI Does Not Have Any Options Remaining
- Located on Signalized Hard Corner with Great Visibility from Sheridan Road with Over 18,200 VPD+
Executive Summary
ATI Exercised its Two Remaining Option Periods | New 10-Year Term
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,951 SF
Building Class
C
Year Built
1978
Price
$1,373,000
Price Per SF
$465.27
Cap Rate
6.25%
NOI
$85,868
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.32 AC
Parking
16 Spaces (5.42 Spaces per 1,000 SF Leased)
Frontage
100’ on Sheridan Rd
Amenities
- Air Conditioning
Fairly walkable
50/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-22-310-001 | Improvements Assessment | $98,684 |
| Land Assessment | $33,741 | Total Assessment | $132,425 |
Property Taxes
Parcel Number
04-22-310-001
Land Assessment
$33,741
Improvements Assessment
$98,684
Total Assessment
$132,425
Contacts
-
Deno Bistolarides -
Evan Lyons -
Joe Lopez -
Encore Real Estate Investment Services
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ATI Physical Therapy | 2701 Sheridan Rd
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