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Applebee's

2126 Gateway Center Drive
Belvidere, 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: 17 miles

Nearest Rail: 2 miles

Nearest Highway: 12 miles

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Broker Info

Broker:

Landstar Commercial

Cecil Waatti

406-890-4000

Cecil@landstar-mt.com

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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: - 1 month ago