Single Tenant Investment-Grade Property and links to other Single Tenant Investment-Grade Properties

Single Tenant Investment-Grade Property
and links to other
Single Tenant Investment-Grade Properties

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Single Tenant Investment-Grade measures used by investors will provide indications of investors attitudes and future trends of value for each market area

Single Tenant Investment-Grade Property # 1102
Single Tenant Investment-Grade Tenant:     Borders Books

Capitalization Rate (CAP):     9.61%

Asking Price:     $4,555,555

Net Operating Income (NOI):     $437,562

State Located:     IL

Lease Terms:     20 years NN with 2/5 year options from 4/1/96. Rent increases 10% every 5 years. Landlord responsible for roof & structure and common loading dock between buildings. Reserve of $.10 per ft and $5,500 deducted from base rent of $446,250.

Size of Building:     31,875 sq ft on two stories

Size of Lot:     17,200 sq ft

Financing Obligations: None

Additional Comments: Property is two blocks from North Western University and is currently being remodeled to tenant specifications.

Request for Package & Non-Exclusive Agreement: Buyers currently under agreement in our files, simply request more information. Buyers interested in the above Single Tenant Investment-Grade Property and not yet under previous agreement, please request our agreement.

Information contained herein has been obtained from sources that are deemed reliable. We have no reason to doubt the accuracy, however we do not guaranty it. This Single Tenant Investment-Grade Property is offered subject to prior placement, withdrawal, cancellation, or other conditions without prior notice.