Investment Highlights
- Single Tenant Double Net Lease
- Family Dollar Has Extended The Initial Term Twice
- Roof Replaced Fall 2013- 20 Year Warranty
- Corporate Guarantee
- Two (2) - Five (5) Year Option To Extend
The investment consists of a 9,760 square foot, single tenant building leased to Family Dollar. The tenant executed a ten year lease in 2001. The lease has been extended two times once extending the intial term and the most recent, the first option
period. They do also have Two(2)- Five (5) year extension options remaining. The lease is structured as a Double Net whereas the tenant is responsible taxes, insurance and CAM. Landlord is responsible for roof, structure and parking lot repair (patching potholes, restriping the parking area is tenants responsibility).
The City of South Beloit was incorporated in 1917. Located on the border of Illinois and Wisconsin along the scenic riverfront of the Rock River and Turtle Creek, the city is easily accessible off interstate highways I-90, I-39, and I-43. Chicago, Milwaukee, and Madison are all within 90 miles. It is part of the Rockford, Illinois Metropolitan Statistical Area.
