Single-tenant, well-maintained medical office proper for sale along the busy Dempster Street, less than one mile from I-94 and just 16 miles from Chicago. The property is currently leased to Advocate Health Care, a leading regional non-profit medical services operator with over 400 locations nationwide. Full roof replacement was done in 2016 and is covered in a transferable 10-year warranty.
- Fee simple interest
- Property includes an NN lease structure with 4.7 years of contractual term remaining, full CAM reimbursement
- Annual rent increases of 3% with one 3-year option to extend
- Minimal landlord responsibilities
- Highly visible location on Dempster Street and less than 1 mile from I-94