Single-Tenant Office Medical
Hammond-Henry Urgent Care
203 W Front St, Annawan, IL 61234
Listing Price: $815,000
Cap Rate
7.50%
Tenant Name
Hammond Henry Urgent Care
Years Remaining On Lease
5.9
Gross SF
3,850
Guarantor
Corporate Guarantee
Rentable SF
3,850
Price/Gross SF
$211.69
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$15.90
Investment Overview
-
Hammond-Henry Urgent Care
Investment Highlights
- Corporate Guaranteed | Backed by Hammond Henry Hospital which Services Over 30,000 People with Five Locations and Over 500 Employees | Total Patient Revenue In Excess of $145 Million
- Triple-Net Lease | Zero Landlord Responsibilities | Tenant Responsible for Roof & Structure | Tenant Pays All Expenses Directly
- Rapidly Growing Net Operating Income | 1.5 Percent Annual Rental Increases | Major Hedge Against Inflation
- Just Shy of Six Years Remaining on Initial 12-Year Lease | Lease Term Through April 30th, 2032 | 8.10 Percent Capitalization Rate By End of Initial Term
- Very Modest Rent of Only $15.90 per Square Foot | Remains Less Than $20 per Square Foot By End of Final Option (Second Option) | Upside Potential Bringing Tenant to Higher Rent
- Only Urgent Care/Health Care Option within 15-Minute Radius | Dominant Market Control Catering Extremely Well to Regional Demographics
- Relocation Site within Market | Extremely Sticky Tenant with Hefty Capital Injection by Tenant to Build Out Space in 2020 | Expanded Services
- Hammond-Henry Hospital has been Operating for Over 125 Years | 45 Percent Market Share Across Henry County & Surrounding Rural Communities
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
Senior Managing Director, Market Leader - Chicago
Financing By
Listing Price: $815,000
Cap Rate
7.50%
Tenant Name
Hammond Henry Urgent Care
Years Remaining On Lease
5.9
Gross SF
3,850
Guarantor
Corporate Guarantee
Rentable SF
3,850
Price/Gross SF
$211.69
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$15.90
Investment Highlights
- Corporate Guaranteed | Backed by Hammond Henry Hospital which Services Over 30,000 People with Five Locations and Over 500 Employees | Total Patient Revenue In Excess of $145 Million
- Triple-Net Lease | Zero Landlord Responsibilities | Tenant Responsible for Roof & Structure | Tenant Pays All Expenses Directly
- Rapidly Growing Net Operating Income | 1.5 Percent Annual Rental Increases | Major Hedge Against Inflation
- Just Shy of Six Years Remaining on Initial 12-Year Lease | Lease Term Through April 30th, 2032 | 8.10 Percent Capitalization Rate By End of Initial Term
- Very Modest Rent of Only $15.90 per Square Foot | Remains Less Than $20 per Square Foot By End of Final Option (Second Option) | Upside Potential Bringing Tenant to Higher Rent
- Only Urgent Care/Health Care Option within 15-Minute Radius | Dominant Market Control Catering Extremely Well to Regional Demographics
- Relocation Site within Market | Extremely Sticky Tenant with Hefty Capital Injection by Tenant to Build Out Space in 2020 | Expanded Services
- Hammond-Henry Hospital has been Operating for Over 125 Years | 45 Percent Market Share Across Henry County & Surrounding Rural Communities
Investment Overview
-
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
Senior Managing Director, Market Leader - Chicago
Financing By
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