3335 Us-20 Bus Belvidere, IL 61008
- Office Properties & Spaces
- 7,767 SF
Current Use by Public Records
- Office Properties & Spaces
Property Details for 3335 Us-20 Bus
- Year built
- 1955
- Property size
- 7,767 SF
- Property type
- Office Properties & Spaces
- 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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Belvidere
- County
- Boone
- State
- Illinois
- Longitude
- -88.875
- Latitude
- 42.2755
