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Virtual Drive-By

DaVita Net

1808 S West Ave · Freeport, IL 61032 · Dialysis

Asking price
$1,799,000
Cap rate
6.40%
NOI
$115,185

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Lease

Lease typeNet
Term remaining2.1 yrs
Expiration08/2028
Rent bumps2% Annually
OptionsThree, 5-Year
Ground leaseNo
Credit profile
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF6,515
Price / SF$276
Year built1991
Lot size0.82 ac
TypeMedical Office, Storefront
Days on market107

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

  • ​Net Lease - Landlord Responsibilities are Limited to Roof and Structure.
  • ​Current Term Expires August 2028 with Three, 5-Year Options Remaining.
  • ​2% Annual Increases with a Strong Corporate Guarantee with
  • ​Tenant Has Long Operating History Showing Commitment to the Site.
  • ​Ideally Located In a Densely Populated Major Retail Trade Area.
  • ​Freeport is the Largest City in Stephenson County and Home to Fortune 500 Companies.

Property overview

Andersen, Jung & CO.​ is pleased to present the exclusive fee simple offering for a prime Davita Dialysis at 1808 S West Ave in Freeport, IL.​

Davita has occupied the property since 2012 and recently extended their lease through 2028 under a NNN lease with minimal Landlord responsibilities.​ Landlord is responsible for roof and structure only.​ The property is comprised of 6,515 square feet and sits on approximately 0.82 acre of land with ample parking.​ Originally built in 1991, the property was renovated in 2012 to meet Davita’s brand image and function.​

Ideally located in a dense major retail trade area full of commercial properties and immediately surrounded by Applebee’s, Burger King, Cricket Wireless, Rent-A-Center, Dunkin Donuts, Dollar Tree, Anytime Fitness, and so much more.​ Freeport is the largest city in Stephenson County and home to many Fortune 500 companies as well as many farms/agriculture, business, trade, and education.​ Don’t miss this great opportunity!

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Asking-market observation aggregated from public listing sources, last observed Sep 18, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.