Athletico
ATHLETICO PHYSICAL THERAPY – 10 YR NN LEASE
Winnebago County, IL
PRICE $950,000
GLA 4,953 SF
PROPERTY TYPE Medical Office
CAP RATE 7.1%
LEASE TYPE NNN
LEASE EXPIRATION Apr. 2029
YEAR BUILT 1991/1999
Winnebago County, IL
PRICE $950,000
GLA 4,953 SF
PROPERTY TYPE Medical Office
CAP RATE 7.1%
LEASE TYPE NNN
LEASE EXPIRATION Apr. 2029
YEAR BUILT 1991/1999
DEMOGRAPHICS
Total Population
1 – mi. – 12,869
3 – mi. – 88,348
5 – mi. – 182,894
More info in the flyer
INVESTMENT HIGHLIGHTS
-
NATIONAL MEDICAL TENANT – Tenant has over 475 locations in 12 states and growing. Tenant is ranked #4 in size in the physical therapy field
- LONG TERM LEASE – Tenant recently executed a new 10 year lease
-
FREESTANDING NNN LEASE – No landlord responsibilities except roof and structure. Roof has a lifetime warrant and parking lot was recently repaved
- LOCATION – Hard corner at signalized intersection with 34,000 cars/day with several national tenants located across the street from the Property
- ABUNDANT PARKING – 31 parking spaces
- EXCESS LAND FOR DEVELOPMENT – Property comes with excess land ready for development
- DEMOGRAPHICS – Very dense residential area with a total population of 183,000 with a 5 mile radius of the Property
| Price: | $986,000 |
| City: | Winnebago County |
| State: | IL |
| Square Feet: | 4,953 SF |
| Price: | $945,000 |
| Cap Rate: | 7.3% |