Single-Tenant Office Medical
Neuragenex | New 20-Yr. Absolute NNN
2780 W Main St, St. Charles (Chicago MSA), IL 60175
Listing Price: $6,401,492
Cap Rate
7.00%
Tenant Name
Neuragenex
Years Remaining On Lease
20.2
Guarantor
Corporate Guarantee
Rentable SF
3,369
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$134.15
Investment Overview
Marcus & Millichap is pleased to present the Neuragenex in St Charles, IL.
Neuragenex | New 20-Yr. Absolute NNN
Investment Highlights
- 20-Year Absolute NNN Lease with 2% Annual Increases Providing a Hedge Against Inflation
- Corporate Guaranty from Neuragenex, LLC and Personal Guaranty from its CEO
- 5 Units Open with Growing Patient Counts and 37 Additional Sites in Development Opening this Year
- Neuragenex Secured $2.6 Billion in 2022 to Fund Growth and Open 750 Primary Care-Based Pain Treatment Centers Over the Next 5 Years
- Nation's Fastest Growing Pain Treatment Practice Through Non-Pharmaceutical, Non-Surgical, Non-Invasive Pain Treatment Program
- Serving Over 104,000 Residents in the Growing West Suburban Chicago MSA
- Surrounded by Affluent Communities, Average Household Income Exceeds $140,000 within 3 and 5 Miles
- Highly Visible Along Major Commercial Artery with 35,000 Cars/Day, Direct Access to Downtown Chicago
Single-Tenant Office Medical
Neuragenex | New 20-Yr. Absolute NNN
Listing Price: $6,401,492
Cap Rate
7.00%
Tenant Name
Neuragenex
Years Remaining On Lease
20.2
Guarantor
Corporate Guarantee
Rentable SF
3,369
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$134.15
Investment Highlights
- 20-Year Absolute NNN Lease with 2% Annual Increases Providing a Hedge Against Inflation
- Corporate Guaranty from Neuragenex, LLC and Personal Guaranty from its CEO
- 5 Units Open with Growing Patient Counts and 37 Additional Sites in Development Opening this Year
- Neuragenex Secured $2.6 Billion in 2022 to Fund Growth and Open 750 Primary Care-Based Pain Treatment Centers Over the Next 5 Years
- Nation's Fastest Growing Pain Treatment Practice Through Non-Pharmaceutical, Non-Surgical, Non-Invasive Pain Treatment Program
- Serving Over 104,000 Residents in the Growing West Suburban Chicago MSA
- Surrounded by Affluent Communities, Average Household Income Exceeds $140,000 within 3 and 5 Miles
- Highly Visible Along Major Commercial Artery with 35,000 Cars/Day, Direct Access to Downtown Chicago
Investment Overview
Marcus & Millichap is pleased to present the Neuragenex in St Charles, IL.
