Property summary
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.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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