For Sale
$1,250,000

3335 Us-20 Bus Belvidere, IL 61008

High-yield medical office building, NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
132
This 7,767 sq ft medical office building in Belvidere, IL, presents a compelling investment opportunity. Located on US-20 BUS with convenient access to I-90, this single-tenant property is leased to National Veterinary Associates (NVA), a credit-rated, 1,400+ unit operator, under a NNN lease with annual CPI rent bumps. The property boasts an 8.83% cap rate and a strong NOI of $110,400, with a remaining lease term of 3.8 years and two 5-year options. The asking price is $1,250,000 ($161/sq ft). Built in 1955, the building benefits from its location near other medical offices, major retailers (Walmart, Home Depot), and a growing population base. The recession-resistant nature of veterinary services, coupled with NVA's established reputation and the property's highway proximity, makes this a highly attractive investment. The lease structure minimizes landlord responsibilities, offering a passive income stream with built-in inflation protection. The robust growth of the veterinary services market further enhances the long-term value proposition. This is an exceptional opportunity for investors seeking a stable, high-yielding asset in a desirable location.

Highlights

  • US-20 BUS location with easy I-90 access.
  • Proximity to other medical offices and veterinary clinics.
  • Located near Walmart and Home Depot.
  • Tenant unlikely to relocate due to high patient retention costs.
  • Recession-resistant investment due to consistent demand for veterinary services.
  • NNN lease with minimal landlord responsibilities.

Property Details for 3335 Us-20 Bus

Property type
Office properties, Medical offices
Square Feet
7,767 SF
Year Built
1955

Location Insight

City
Belvidere
County
Boone
State
Illinois
Latitude
42.2755013
Longitude
-88.8749663

FAQs

What type of property is this?
Office property - High-yield medical office building, NNN lease.
Where is the office property located?
The property is located at 3335 Us-20 Bus Belvidere, IL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: US-20 BUS location with easy I-90 access.; Proximity to other medical offices and veterinary clinics.; Located near Walmart and Home Depot.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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3335 Us-20 Bus
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