Advocate Health Care - Morton Grove, IL

Asset Type

Healthcare

Address
6131 Dempster St Morton Grove, IL United States 60053-2953
Asking Price

S$2,192,000

Sq Footage

7,551

Year Built

1951

Cap Rate

8.75%

Additional Attributes

Property Description

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. 

Investment Highlights

  • 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
Listing Contacts
Nicholas Kanich
Nicholas Kanich
SVP, Capital Markets
+65 3159 4021
IL - 475147401
Alex Sharrin
Alex Sharrin
SVP, Capital Markets
+65 3159 4021
IL - 475.170243
Interested in this property?

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.