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For Sale

Gateway Plaza | Belvidere, IL

Asking Price: $2,280,000 | Cap Rate: 7.75%

  • Net Operating Income: $176,493
  • Weighted Avg. Lease Term (WALT): 2.3 Years
  • Lease Type: Net

Property Highlights

  • Currently 84% leased; consistent history of high occupancy
  • Strong tenant mix; 3 tenants currently occupying the strip-center are national tenants
  • Excellent visibility with over 84,200 VPD on I-90/Grant Hwy/U.S Rt 20 and Genoa Rd
  • Value-add opportunity; 2,100, or 15.67%, of GLA is currently available for lease