Investment Overview

Marcus & Millichap is pleased to present this Class “A” Medical office located within the Chicago MSA in Gurnee, Illinois. As of January 2025, S&P Global Ratings assigned its 'AA' long-term rating to Advocate Health and Hospitals Corp. (AHHC), Ill.'s $700 million series 2020A taxable fixed-rate revenue bonds. This medical office is 100 percent occupied by Aurora Health Care operating under an triple-net lease structure. There are 3 percent annual rental increases and two, 5-year renewal options. This office provides dermatology, primary family medicine and internal medicine services. Their primary care physicians at Aurora Family Medicine in Gurnee, IL, provide the high-quality, personalized care patients deserve. Their experienced internists have advanced training in multiple medical fields, including dermatology, endocrinology, neurology, ophthalmology, infectious diseases and more. This is a 10,000-square medical building is located along Grand Avenue, a primary east-west thoroughfare, and is immediately west of Highway 41. Retailers in the trade corridor include Walgreens, NorthShore Connect, Lowe’s, Fifth Third Bank, ATI Physical Therapy, and BMO Harris Bank. Gurnee is best known for being the location of Six Flags Great America and Gurnee Mills, together drawing over 26 million visitors annually. There are 114,787 people living within five miles of the property earning an average household income of $115,497. Gurnee has been ranked one of the top two retail generators for Lake County for the past fifteen years, and benefits from its prime location halfway between both Chicago and Milwaukee which are connected by Interstate 94. Interstate 94 is the primary thoroughfare between the cities. Additionally, Grand Avenue has an interchange with Interstate 294 less than two miles from the subject property. An affluent area where residents within five miles of the property enjoy an average household income of over $100,000. The property is located on the corner of Grand Avenue and Almond Road. This intersection has traffic counts of approximately 33,000 vehicles per day. The subject property is benefited by a traffic signal on the hard corner as well as two designated turn lanes into the property for westbound traffic which creates constant traffic flow at the property. There are two point of ingress and egress and ample parking.