Amazing 8% Cap Rate Investment! 13% Leveraged Cash-on-Cash Return! Medical Office Building with Two Complete Offices: Main Doctor's Office and Medical Tenant's Office Fully Leased! This is a Sale/Leaseback. NNN Master Lease 5 Year Term plus 3 Option Periods 2% Rent Escalation per year Combined Rental Rate of $20 per sq. ft. The Doctor will provide a personal guarantee on Lease!
Full Features
Built:
2006
Cooling System:
Central Air
Stories:
2
Potential Use:
Commercial, Office and Research
Zoning:
OFFIC
Building Square Feet:
7,625
Current Net Income:
$15,244
Taxes & Assessments
Tax Amount:
$34,698
Tax Year:
N/A
Location
Zip Code:
60102
City:
Algonquin
County:
Mc Henry
Disclaimer: The accuracy of all information regardless of source, including but not limited to square
footage and lot size, is deemed reliable but not guaranteed nor warranted and should be
personally verified through personal inspection by and/or with the appropriate professionals.
Algonquin, IL
Once a small farming community, Algonquin has grown into a vibrant suburban village with excellent parks, shopping, restaurants, and cultural events.
From summer festivals to snowboarding, there are many things to do in this northwest suburb. Residents enjoy the area’s parks, nature preserves, and...
1474 Merchant Drive is a office / tech which sold for $1,755,000. This office / tech has been listed on @properties since December 13th, 2016 and was built in 2006.
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Because At World Properties, LLC d/b/a @properties Christie’s International Real Estate and/or its owners have an interest in Proper Title, LLC, Proper Rate, LLC, Christie’s International Real Estate, LLC, and Suburban Jungle, LLC, a referral to any of these entities may provide @properties Christie’s International Real Estate with a financial or other benefit. Working with @properties does not require you to use the services of any of these entities.
