Office Medical

ATI Physical Therapy

724 E Rollins Rd, Round Lake Beach, IL 60073

Listing Price: $1,701,125

Cap Rate
6.40%
Gross SF
3,512
Rentable SF
3,512
Price/Gross SF
$484.38
Year Built
2020
Lot Size
0.08 acres

Investment Overview

Marcus & Millichap is pleased to present the fee-simple ownership interest in 724 East Rollins Road Round Lake Beach, Illinois. This 3,512-square foot medical office property boasts a brand-new, 2020 build-to-suit for its tenant ATI Physical Therapy. ATI operates the site under a fresh 10-year Net Lease with 2 percent annual rental escalators and two, five-year options. The lease is corporately guaranteed by ATI Holdings Inc., a Delaware corporation that provides leading services in physical therapy, workers compensation rehab, sports medicine, home health, and many more therapies offered throughout the United States. Current annual rental revenue generates $108,872 per year, with a two-percent escalation. Strategically positioned off Rollins Road, the site sees over 20,900 vehicles per day.

This property offers an investor the opportunity to acquire a long-term passive asset, featuring competitive rental escalations and renewal terms. The parcel boasts excellent frontage and is corporately guaranteed by ATI Holdings Inc. The property yields a healthy DCR of 1.52 with a year 1 Debt Yield of 9.14 percent.

Investment Highlights

  • New Construction - 2020 Build-To-Suit
  • Brand-New 10-Year Lease Structure
  • ATI Holdings Inc. Corporate-Guarantee
  • Attractive Two Percent Annual Rental Escalators
  • Two, Five-Year Renewal Options
  • Round Lake Beach Prime Retail Concentration

Exclusively Listed By

Listing Price: $1,701,125

Cap Rate
6.40%
Gross SF
3,512
Rentable SF
3,512
Price/Gross SF
$484.38
Year Built
2020
Lot Size
0.08 acres

Investment Highlights

  • New Construction - 2020 Build-To-Suit
  • Brand-New 10-Year Lease Structure
  • ATI Holdings Inc. Corporate-Guarantee
  • Attractive Two Percent Annual Rental Escalators
  • Two, Five-Year Renewal Options
  • Round Lake Beach Prime Retail Concentration

Investment Overview

Marcus & Millichap is pleased to present the fee-simple ownership interest in 724 East Rollins Road Round Lake Beach, Illinois. This 3,512-square foot medical office property boasts a brand-new, 2020 build-to-suit for its tenant ATI Physical Therapy. ATI operates the site under a fresh 10-year Net Lease with 2 percent annual rental escalators and two, five-year options. The lease is corporately guaranteed by ATI Holdings Inc., a Delaware corporation that provides leading services in physical therapy, workers compensation rehab, sports medicine, home health, and many more therapies offered throughout the United States. Current annual rental revenue generates $108,872 per year, with a two-percent escalation. Strategically positioned off Rollins Road, the site sees over 20,900 vehicles per day.

This property offers an investor the opportunity to acquire a long-term passive asset, featuring competitive rental escalations and renewal terms. The parcel boasts excellent frontage and is corporately guaranteed by ATI Holdings Inc. The property yields a healthy DCR of 1.52 with a year 1 Debt Yield of 9.14 percent.

Exclusively Listed By

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