Single-Tenant Office Medical
Central Illinois Urgent Care Center
1325 Koester Rd, Forsyth, IL 62535
Listing Price: $1,065,000
Cap Rate
7.75%
Tenant Name
Central Illinois Urgent Care
Years Remaining On Lease
5.6
Guarantor
Franchisee Guarantee
Rentable SF
4,856
Lease Type
Double Net
Rent Per Square Feet
$17.00
Investment Overview
Marcus & Millichap is please to present for sale a net leased medical office building in Forsyth, Illinois.
Central Illinois Urgent Care Center
Investment Highlights
- Brand-New Roof with 20-Year Transferable Warranty
- 2021 Full Renovation
- Original 10-Year Lease with 5.5 Years Left
- Adjacent to Hickory Point Mall - 826,000-Square-Foot Mall with 10 Anchor Tenants - Anchors Include Von Maur, TJMaxx, Kohl's, Ross, Finish Line and Bath & Body Works
- Rare 3.00 Percent Annual Rent Bumps in Options
- Interstate 72 Exit Corridor Location | Next to Best Buy and PetSmart | Across from Panda Express | Walmart, Lowe's, Sam's Club and Menards Are All Located Down The Street
Listing Price: $1,065,000
Cap Rate
7.75%
Tenant Name
Central Illinois Urgent Care
Years Remaining On Lease
5.6
Guarantor
Franchisee Guarantee
Rentable SF
4,856
Lease Type
Double Net
Rent Per Square Feet
$17.00
Investment Highlights
- Brand-New Roof with 20-Year Transferable Warranty
- 2021 Full Renovation
- Original 10-Year Lease with 5.5 Years Left
- Adjacent to Hickory Point Mall - 826,000-Square-Foot Mall with 10 Anchor Tenants - Anchors Include Von Maur, TJMaxx, Kohl's, Ross, Finish Line and Bath & Body Works
- Rare 3.00 Percent Annual Rent Bumps in Options
- Interstate 72 Exit Corridor Location | Next to Best Buy and PetSmart | Across from Panda Express | Walmart, Lowe's, Sam's Club and Menards Are All Located Down The Street
Investment Overview
Marcus & Millichap is please to present for sale a net leased medical office building in Forsyth, Illinois.
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