NET LEASED MEDICAL INVESTMENT Net Leased Medical Building 5051 E. State Street , Rockford, IL 61108 JOSEPH ROSSI Joseph Rossi & Associates, Inc 630.353.1190 17W620 14th Street | Suite 201, Oakbrook Terrace, IL 60181
[email protected] 630.353.1190 | jrossiandassociates.com FOR SALE | NET LEASED INVESTMENT 5051 E. State Street Additional Photos Rockford, IL 61108 JOSEPH ROSSI 630.353.1190
[email protected] 2 FOR SALE | NET LEASED INVESTMENT 5051 E. State Street Regional Map Rockford, IL 61108 JOSEPH ROSSI 630.353.1190
[email protected] 3 FOR SALE | NET LEASED INVESTMENT 5051 E. State Street Investment Highlights Rockford, IL 61108 VITAL DATA INVESTMENT HIGHLIGHTS Sale Price: $1,234,285 • 100% Leased Medical Building • Net Lease Structure | Limited Landlord Responsibility Cap Rate: 7.0% • Two Percent Annual Escalations • New Ten Year Lease at Closing NOI: $86,400 • Strong Credit Medical Tenant (15 Locations) • High Visibility Location Price/SF $257.14 • Recession & Internet Proof Lot Size: 56651.0 Acres Building Size: 4,800 SF Parking 20 spaces JOSEPH ROSSI 630.353.1190
[email protected] 4 FOR SALE | NET LEASED INVESTMENT 5051 E. State Street Income & Expenses Rockford, IL 61108 INCOME SUMMARY ORTHODONTICS EXPERTS INVESTMENT PER SF Gross Income $116,062 $24.18 EXPENSE SUMMARY ORTHODONTICS EXPERTS INVESTMENT PER SF Property Taxes $17,062 $3.55 C.A.M $9,600 $2.00 Property Insurance $3,000 $0.63 Gross Expenses $29,662 $6.18 Net Operating Income $86,400 $18.00 JOSEPH ROSSI 630.353.1190
[email protected] 5 FOR SALE | NET LEASED INVESTMENT 5051 E. State Street Tenant Profile Rockford, IL 61108 www.orthodonticexprts.com Led by Dr.