Applebee's
2126 Gateway Center DrBelvidere, Boone County, IL 61008
US
Parcel:08-06-101-006
Financials
Sale Price: --
Lease Price: --
Terms:
Sq. Ft.: --
Acres: --
Tax: --
Tax Year: --
Features
In City Limits
Building
Sub-dividable
Expandable
Land
Build To Suit
Shovel-Ready
Industrial Park
Business Park
100-Year Flood Plain
Phase 1 Environmental Audit Complete
Utilities
Water
Sewer
Electric
Natural Gas
High Speed Telecom
Transportation
Nearest Airport: 16.5 miles
Nearest Rail: 2 miles
Nearest Highway: 12 miles
Broker Info
Broker:
Landstar Commercial
Cecil Waatti
406-890-4000
Cecil@landstar-mt.com
__________________________________________________________________________________
Economic Development Contact:
Pamela Lopez-Fettes
Growth Dimensions
401 Whitney Blvd.
Belvidere, IL 61008
Details
Property Description
1 Property Description 4,179 SF 1.37 Acres Year Built: 2015 Cap Rate: 6.18% NOI: $108,253 Purchase Price: $1,750,000 Investment Highlights Property Address 2126 Gateway Center Drive, Belvidere, IL 61008 Landstar Group is pleased to offer the Applebees in Belvidere, IL. This is a high-profile location in a strong retail corridor next door to Walmart Supercenter, Starbucks, Verizon, Dunkin Donuts and much more. This property consist of a 4,179 SF building built in 2015 on a 1.37 acre lot. There are 9 years remaining on an 11 year NNN lease with 2% annual bumps. Applebee's is located off of I-90 and the main Belvidere city exit. The traffic count on I-90 is 52,700/day, and the two access roads are 16,000 & 15,500/day, giving a combined AADT of over 84,000 cars per day! The growing town has a population of 25,585, and is a suburb of Rockford, IL with a population of 147,000.
4,179 SF
1.37 Acres
Year Built: 2015
Cap Rate: 6.18%
NOI: $108,253
Purchase Price: $1,750,000
Category
Site, Enterprise Zone
Posted On: 03-22-2022
Last Updated: - 3 months ago
