3335 Us-20 BusBelvidere, IL 61008

Property Details for 3335 Us-20 Bus

Year built

1955

Property size (Sq ft)

7,767 SF

Property type

Office properties

Property subtype

Medical offices

Description

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.

Location Insight

City

Belvidere

County

Boone

State

Illinois

Latitude

42.2755

Longitude

-88.875

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