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865 W Galena Ave
Freeport, IL 61032
Retail Property For Sale
PROPERTY FACTS
ABOUT 865 W GALENA AVE , FREEPORT, IL 61032
Located at 865 W Galena Ave the property features a 3,150 square foot single tenant retail convenience store with a fuel station. The tenant Road Runner, now GPM Investments, LLC/FasMart & Fuel, signed a 20 year lease which currently has about 8 years remaining with six-five year options to extend past the initial term. Every five years the rent is adjusted according to the CPI with a 7.5% increase cap. The lease is structured as absolute-triple net whereas the tenant is responsible for everything, landlord has no responsibilities. The property was built in 2003 and sits on 0.84 acres
PROPERTY TAXES
| Parcel Number | 18-13-36-227-030 | Improvements Assessment | $148,141 |
| Land Assessment | $46,261 | Total Assessment | $194,402 |
PROPERTY TAXES
