Bridgestone/Firestone (Leasehold)

2610 U.S. Route 34 - Oswego IL 60543

LTV (Loan to Value)	65.00%	Current NOI	$140,257.00
Interest Rate	4.250%	Capital Rate	8.000%
Fixed Term	10 Years	Land Area	1.42 Acre
Amortization	25 Years	Lease Type	NN
Loan Amount	$1,139,580.00	Property Type	Retail
Payment	$6,173.54	Property Lease	Automotive
Bulding Size	7,653 SF	Remaining Terms	12.50 Years

Location Description

NNN Lenders is pleased to offer for sale to qualified investors the leasehold interest in a Bridgestone-Firestone property located at 2610 U.S. 34 in Oswego, Illinois. Oswego is a village in Kendall County with a 2010 population of 30,355. Its population has more than doubled since the 2000 census count of 13,326. Bridgestone-Firestone is operating under a twenty (20) year NN lease with just over twelve and one-half (12-1/2) years remaining. The property has Four (4), Five (5) year renewal options with 6.5% rental increases every 5 years during lease term and options. The subject property is located just off of US-34 with more than 28,000 VPD. Surrounding retailers include Best Buy, Kohl's, Ulta, Dick's Sporting Goods, Walmart, Michael's, Bed Bath & Beyond, Ross, Target, Starbucks, TJ Maxx, and Home Depot, among many others.

Highlights

Long Lease Term - Just over Twelve and One-Half (12-1/2) years remaining on a Twenty (20) year base lease term.…

Property Description

Oswego is a village in Kendall County, Illinois. The village population, according to the 2010 census, is 30,355. Its population has more than doubled since the 2000 census count of 13,326. With that growth, Oswego is the largest municipality located completely within Kendall County.