Shopping Strip
Central Illinois Urgent Care Center
602 Woodlawn Rd, Lincoln, IL 62656
Listing Price: $1,522,285
Investment Overview
Marcus & Millichap is pleased to present the Central Illinois Urgent Care Center in Lincoln, Illinois.
This 5,800 square foot building was built in 2024 and sits on a 0.92 acre parcel. The building has excellent visibility and easy, immediate access from Woodlawn Road, where over 11,500 vehicles drive per day. There are multiple nearby traffic drivers like CVS, Walgreens, Walmart, Hardee’s, Dollar General, Dollar Tree and McDonald’s. The Lincoln Memorial Hospital is located a little over a mile away from the subject property along with many other retailers.
Central Illinois Urgent Care Center is a two-tenant retail strip, offering full stability at 100 percent occupancy. Central Illinois Urgent Care occupies the 3,800 square foot endcap on the east end of the center, while OSF Healthcare occupies the additional 2,000 square feet. There are rare 3 percent annual rent increases in the options for each tenant, providing excellent rent growth potential for a future investor.
Central Illinois Urgent Care Center
Investment Highlights
- 5,800 Square Foot Two-Tenant Retail Strip
- 100 Percent Occupied | Anchored by Central Illinois Urgent Care & OSF Healthcare
- Zero Lease Rollover until 2029
- Rare 3 Percent Annual Rent Increases in Renewal Options for Both Tenants
- Lincoln Urgent Care Operates a Triple Net Lease | OSF Lease is Gross – Upside Potential for Future Investor to Convert to NNN
- Adjacent to Both CVS and Walgreens
- Positioned Down the Street From a Walmart Supercenter
- Down the Road From the Lincoln Memorial Hospital | 25-Bed Critical Access Hospital
Listing Price: $1,522,285
Investment Highlights
- 5,800 Square Foot Two-Tenant Retail Strip
- 100 Percent Occupied | Anchored by Central Illinois Urgent Care & OSF Healthcare
- Zero Lease Rollover until 2029
- Rare 3 Percent Annual Rent Increases in Renewal Options for Both Tenants
- Lincoln Urgent Care Operates a Triple Net Lease | OSF Lease is Gross – Upside Potential for Future Investor to Convert to NNN
- Adjacent to Both CVS and Walgreens
- Positioned Down the Street From a Walmart Supercenter
- Down the Road From the Lincoln Memorial Hospital | 25-Bed Critical Access Hospital
Investment Overview
Marcus & Millichap is pleased to present the Central Illinois Urgent Care Center in Lincoln, Illinois. This 5,800 square foot building was built in 2024 and sits on a 0.92 acre parcel. The building has excellent visibility and easy, immediate access from Woodlawn Road, where over 11,500 vehicles drive per day. There are multiple nearby traffic drivers like CVS, Walgreens, Walmart, Hardee’s, Dollar General, Dollar Tree and McDonald’s. The Lincoln Memorial Hospital is located a little over a mile away from the subject property along with many other retailers. Central Illinois Urgent Care Center is a two-tenant retail strip, offering full stability at 100 percent occupancy. Central Illinois Urgent Care occupies the 3,800 square foot endcap on the east end of the center, while OSF Healthcare occupies the additional 2,000 square feet. There are rare 3 percent annual rent increases in the options for each tenant, providing excellent rent growth potential for a future investor.
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