Single-Tenant Office Medical
Oak Street Health | 20-Year NNN Lease | CVS Pending Acquisition
6918 W Archer Ave, Chicago, IL 60638
Listing Price: $3,919,650
Investment Overview
Marcus & Millichap is pleased to exclusively present a newly renovated Oak Street Health with 20 years of term remaining on a triple-net lease, with 10% rental increases every five years. The clinic is currently undergoing a complete renovation including a new roof, exterior façade improvement, and significant interior renovations. Oak Street Health is pending acquisition by CVS Health for $10.6 billion, becoming part of CVS Health’s recently formed health care delivery organization. Subject property is conveniently situated on a heavily traveled road with 32,200 vehicles per day and is surrounded by an abundance of public transportation options. 129,364 people live within three miles, and 52,381 people live within two miles with an average household income exceeding $94,000. Nearby attractions include Chicago Midway International Airport four miles away, with more than 18 million passengers annually, and SeatGeek Stadium, the heart of soccer in the Midwest, 2.9 miles away.
Oak Street Health | 20-Year NNN Lease | CVS Pending Acquisition
Investment Highlights
- Newly Renovated Oak Street Health Clinic in a Dense Chicago Neighborhood | Renovations Include a New Roof, Exterior Façade Improvement, and Significant Interior Renovations
- Pending Acquisition by CVS Health for $10.6 Billion, Becoming Part of CVS Health's Recently Formed Health Care Delivery Organization
- New 20-Year NNN Lease | 10% Rental Increases Every Five Years
- Conveniently Situated on a Heavily Traveled Road | 32,200 Vehicles per Day
- An Abundance of Public Transportation Options Nearby
- Attractive Demographics Surrounding Subject Property | 129,364 People Live Within Three Miles | Average Household Income of $94,249 Within One Mile
- Four Miles from Midway Airport | More than 18 Million Passengers Annually
- 2.9 Miles from SeatGeek Stadium | The Heart of Soccer in the Midwest | 20,000 Capacity
Single-Tenant Office Medical
Oak Street Health | 20-Year NNN Lease | CVS Pending Acquisition
Listing Price: $3,919,650
Investment Highlights
- Newly Renovated Oak Street Health Clinic in a Dense Chicago Neighborhood | Renovations Include a New Roof, Exterior Façade Improvement, and Significant Interior Renovations
- Pending Acquisition by CVS Health for $10.6 Billion, Becoming Part of CVS Health's Recently Formed Health Care Delivery Organization
- New 20-Year NNN Lease | 10% Rental Increases Every Five Years
- Conveniently Situated on a Heavily Traveled Road | 32,200 Vehicles per Day
- An Abundance of Public Transportation Options Nearby
- Attractive Demographics Surrounding Subject Property | 129,364 People Live Within Three Miles | Average Household Income of $94,249 Within One Mile
- Four Miles from Midway Airport | More than 18 Million Passengers Annually
- 2.9 Miles from SeatGeek Stadium | The Heart of Soccer in the Midwest | 20,000 Capacity
Investment Overview
Marcus & Millichap is pleased to exclusively present a newly renovated Oak Street Health with 20 years of term remaining on a triple-net lease, with 10% rental increases every five years. The clinic is currently undergoing a complete renovation including a new roof, exterior façade improvement, and significant interior renovations. Oak Street Health is pending acquisition by CVS Health for $10.6 billion, becoming part of CVS Health’s recently formed health care delivery organization. Subject property is conveniently situated on a heavily traveled road with 32,200 vehicles per day and is surrounded by an abundance of public transportation options. 129,364 people live within three miles, and 52,381 people live within two miles with an average household income exceeding $94,000. Nearby attractions include Chicago Midway International Airport four miles away, with more than 18 million passengers annually, and SeatGeek Stadium, the heart of soccer in the Midwest, 2.9 miles away.
