Single-Tenant Office Medical
University of Chicago Medical Care Facility - w/ Annual Increases | Investment Grade Credit Tenant
4644 S Drexel Blvd, Chicago, IL 60653
Listing Price: $8,358,260
Investment Overview
Chicago is the most populous city in the U.S. state of Illinois and the third-most populous in the United States, after New York City and Los Angeles. With a population of 2,746,388 in the 2020 census, it is also the most populous city in the Midwestern United States. As the seat of Cook County (the second-most populous U.S. county), the city is the center of the Chicago metropolitan area, one of the largest in the world. Chicago is an international hub for finance, culture, commerce, industry, education, technology, telecommunications, and transportation. It is the site of the creation of the first standardized futures contracts, issued by the Chicago Board of Trade, which today is part of the largest and most diverse derivatives market in the world, generating 20% of all volume in commodities and financial futures alone. O'Hare International Airport is routinely ranked among the world's top six busiest airports according to tracked data by the Airports Council International. The region also has the largest number of federal highways and is the nation's railroad hub. The Chicago area has one of the highest gross domestic products (GDP) in the world, generating $689 billion in 2018. The economy of Chicago is diverse, with no single industry employing more than 14% of the workforce. It is home to several Fortune 500 companies, including Archer Daniels Midland, Conagra Brands, Exelon, JLL, Kraft Heinz, McDonald's, Mondelez International, Motorola Solutions, Sears, and United Airlines Holdings.
University of Chicago Medical Care Facility - w/ Annual Increases | Investment Grade Credit Tenant
Investment Highlights
- Corp. Backed Long Term Lease Feat. Favorable 2% Annual Rental Increases throughout the Initial Term and Options. Complete 2020 and 2023 Renovation of Interior and Exterior w/ Roof Warranty in Place.
- Building to be Utilized as Primary Care, Specialty Care, and Other Related Outpatient Services and Admin Offices.
- Positioned Along Area's Major Retail & Traffic Corridor: Signalized Hard Corner - Features Easy Access & Excellent Visibility with Combined Daily Traffic Counts Exceeding 21k Vehicles. Near I-90.
- In Close Proximity to the University of Chicago - One of the World's Top Universities. Consistently Ranked among the Best Universities in the World, with a Student Population of over 14k. Near The University of Chicago Medicine and Biological Sciences - a 824-Bed Medical Center and Main Campus. It is one of the Nation's Leading Academic Medical Institutions.
- Property is Located in the Midst of the Commercial and Residential District of Bronzeville - One of the Fastest Growing Subdivisions of Chicago. Site is located within the Opportunity Zone - An Investment Program that Offers Tax Incentives through a Qualified Opportunity Fund.
- Urban Infill: Features more than 598k People Residing within a 5-Mile Radius (with a Growth of Over 10 Percent in the Last Decade).
- The Site is Surrounded by Dense Residential Neighborhoods, Apartment Complexes, & Numerous Amenities Including Parks, Schools, and More.
- Adjacent to Walmart Neighborhood Market - Surrounded by Numerous National Retailers Including Target, CVS Pharmacy, Whole Foods, Walgreens, Trader Joe's and many more.
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
First Vice President / Regional Manager / Designated Managing Broker
Financing By
Single-Tenant Office Medical
University of Chicago Medical Care Facility - w/ Annual Increases | Investment Grade Credit Tenant
Listing Price: $8,358,260
Investment Highlights
- Corp. Backed Long Term Lease Feat. Favorable 2% Annual Rental Increases throughout the Initial Term and Options. Complete 2020 and 2023 Renovation of Interior and Exterior w/ Roof Warranty in Place.
- Building to be Utilized as Primary Care, Specialty Care, and Other Related Outpatient Services and Admin Offices.
- Positioned Along Area's Major Retail & Traffic Corridor: Signalized Hard Corner - Features Easy Access & Excellent Visibility with Combined Daily Traffic Counts Exceeding 21k Vehicles. Near I-90.
- In Close Proximity to the University of Chicago - One of the World's Top Universities. Consistently Ranked among the Best Universities in the World, with a Student Population of over 14k. Near The University of Chicago Medicine and Biological Sciences - a 824-Bed Medical Center and Main Campus. It is one of the Nation's Leading Academic Medical Institutions.
- Property is Located in the Midst of the Commercial and Residential District of Bronzeville - One of the Fastest Growing Subdivisions of Chicago. Site is located within the Opportunity Zone - An Investment Program that Offers Tax Incentives through a Qualified Opportunity Fund.
- Urban Infill: Features more than 598k People Residing within a 5-Mile Radius (with a Growth of Over 10 Percent in the Last Decade).
- The Site is Surrounded by Dense Residential Neighborhoods, Apartment Complexes, & Numerous Amenities Including Parks, Schools, and More.
- Adjacent to Walmart Neighborhood Market - Surrounded by Numerous National Retailers Including Target, CVS Pharmacy, Whole Foods, Walgreens, Trader Joe's and many more.
Investment Overview
Chicago is the most populous city in the U.S. state of Illinois and the third-most populous in the United States, after New York City and Los Angeles. With a population of 2,746,388 in the 2020 census, it is also the most populous city in the Midwestern United States. As the seat of Cook County (the second-most populous U.S. county), the city is the center of the Chicago metropolitan area, one of the largest in the world. Chicago is an international hub for finance, culture, commerce, industry, education, technology, telecommunications, and transportation. It is the site of the creation of the first standardized futures contracts, issued by the Chicago Board of Trade, which today is part of the largest and most diverse derivatives market in the world, generating 20% of all volume in commodities and financial futures alone. O'Hare International Airport is routinely ranked among the world's top six busiest airports according to tracked data by the Airports Council International. The region also has the largest number of federal highways and is the nation's railroad hub. The Chicago area has one of the highest gross domestic products (GDP) in the world, generating $689 billion in 2018. The economy of Chicago is diverse, with no single industry employing more than 14% of the workforce. It is home to several Fortune 500 companies, including Archer Daniels Midland, Conagra Brands, Exelon, JLL, Kraft Heinz, McDonald's, Mondelez International, Motorola Solutions, Sears, and United Airlines Holdings.
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
First Vice President / Regional Manager / Designated Managing Broker
Financing By
