Single-Tenant Office Medical

Hammond Urgent Care (Annawan, IL) - Corporate & Low Price Point

203 W Front Street, Annawan, IL 61234

Listing Price: $860,000

Cap Rate
6.50%
Tenant Name
Hammond-Henry Urgent Care
Years Remaining On Lease
11.30
Guarantor
Corporate Guarantee
Rentable SF
3,850
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.55

Investment Overview

Marcus & Millichap is pleased to offer for sale a Low Price Point Net Lease Investment of a local but successful regional Hammond Henry Urgent Care located in Annawan, Illinois. This property is located within the heart of a small hub outside the main city of Hammond Henry Hospital in Geneseo, Illinois. The property’s small demographics allow the urgent care to cannibalize the local market for medical care. The property is built with a brand new Twelve (12) year absolute NNN lease guaranteed by the main corporate entity of Hammond Henry Hospital with a net worth exceeding $40 Million.

Investment Highlights

  • Small Town Demographics | Lower Demographic Locations answers to the business model of Hammond - Henry Hospital which enable the medical provider to cannibalize the local market medical care
  • Corporate Guaranteed | Location is Corporately Guaranteed by Hammond-Henry Hospital ($40+ Million Net Worth) which will provide a secure safe investment to the landlord
  • Attractive Annual Increases | Lease calls for Annual Increases in rent by 1.5%
  • Brand New Long Term Absolute NNN Lease | 12 Year Initial Term with Two, 5 year Options to Extend.
  • Brand New Construction Urgent Care | Fee Simple Absolute NNN Lease | Land and Building Ownership | Investor Ability for Taxable Depreciation Asset
  • 10+ Year Operating History | Hammond Henry Urgent Care Annawan is a New Built Relocation Store which demonstrates the Tenant's Long 10+ Year Operating commitment to the area.

Exclusively Listed By

  • Neil Naran

    Associate

    Email Neil

    License(s): CA: 02025512

    Newport Beach

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    License(s): IL: 471.011175

    Illinois

Single-Tenant Office Medical

Hammond Urgent Care (Annawan, IL) - Corporate & Low Price Point

Listing Price: $860,000

Cap Rate
6.50%
Tenant Name
Hammond-Henry Urgent Care
Years Remaining On Lease
11.30
Guarantor
Corporate Guarantee
Rentable SF
3,850
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.55

Investment Highlights

  • Small Town Demographics | Lower Demographic Locations answers to the business model of Hammond - Henry Hospital which enable the medical provider to cannibalize the local market medical care
  • Corporate Guaranteed | Location is Corporately Guaranteed by Hammond-Henry Hospital ($40+ Million Net Worth) which will provide a secure safe investment to the landlord
  • Attractive Annual Increases | Lease calls for Annual Increases in rent by 1.5%
  • Brand New Long Term Absolute NNN Lease | 12 Year Initial Term with Two, 5 year Options to Extend.
  • Brand New Construction Urgent Care | Fee Simple Absolute NNN Lease | Land and Building Ownership | Investor Ability for Taxable Depreciation Asset
  • 10+ Year Operating History | Hammond Henry Urgent Care Annawan is a New Built Relocation Store which demonstrates the Tenant's Long 10+ Year Operating commitment to the area.

Investment Overview

Marcus & Millichap is pleased to offer for sale a Low Price Point Net Lease Investment of a local but successful regional Hammond Henry Urgent Care located in Annawan, Illinois. This property is located within the heart of a small hub outside the main city of Hammond Henry Hospital in Geneseo, Illinois. The property’s small demographics allow the urgent care to cannibalize the local market for medical care. The property is built with a brand new Twelve (12) year absolute NNN lease guaranteed by the main corporate entity of Hammond Henry Hospital with a net worth exceeding $40 Million.

Exclusively Listed By

  • Neil Naran

    Associate

    Email Neil

    License(s): CA: 02025512

    Newport Beach

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    License(s): IL: 471.011175

    Illinois

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