2701 Sheridan Rd Zion, IL 60099
New
Single-tenant property with a new 10-year lease and stable income.
Property size:
2,951 SFLot size:
0.32 AcresProperty Features for 2701 Sheridan Rd
General Information
- Standard status
- Active
- Size
- 2,951 SF
- Lot size
- 0.32 Acres
Source:
Crexi
Listing Agency: Bang Realty Listing Agent: Brian Brockman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
ATI Physical Therapy Investment Opportunity
The property at 2701 Sheridan Road, Zion, IL 60099, presents an investment opportunity featuring ATI PHYSICAL THERAPY as a single tenant. The property has a new 10-year lease with a well-established tenant, offering a stable income stream. The sale price is $1,373,000 with a cap rate of 6.25%. The property is located on a signalized hard corner with excellent visibility, attracting over 18,200 consumers daily. The property has 2% annual rent increases and a 'Naked Lease' structure. The Net Operating Income (NOI) is $85,868. The landlord is responsible for roof, structure, and parking lot maintenance, with expenses reimbursed through CAM. The local economy has an average household income exceeding $98,152 within a five-mile radius. The property size is 2951 square feet.
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar Places Nearby
Emergency Veterinarian Care
Location Insight
- Map
- Local Demand
- City
- Zion
- County
- Lake
- State
- Illinois
- Longitude
- -87.8251254
- Latitude
- 42.4458979
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Single-tenant property with a new 10-year lease and stable income.
Where is this medical office space located?
The property is located at 2701 Sheridan Rd Zion, IL.
What is the asking price?
The asking price for this property is $1,373,000.
What are key features of this property?
This property features: - New 10-year lease with ATI PHYSICAL THERAPY, providing a stable income stream.; - Solid 6.25% cap rate on a $1,373,000 investment.; - Prime location on a signalized hard corner with excellent visibility and high traffic (18,200 consumers daily).
