Skip to main content

Office Medical

Cancer Care Specialists of Illinois

210 W McKinley Ave, Decatur, IL 62526

Listing Price: $26,364,000

Cap Rate
5.50%
Gross SF
54,043
Rentable SF
54,043
Price/Gross SF
$487.83
Year Built
1995
Lot Size
6.89 acres

Investment Overview

Marcus & Millichap is pleased to present 210 West McKinley Avenue in Decatur, Illinois. This fully stabilized medical office asset offers 54,156-square feet with high end medical finishes featuring modern 2009 brick and masonry construction with strategic positioning along West McKinley Avenue. The site is occupied by two synergistic tenants, Decatur Memorial Hospital and Cancer Care Specialists of Illinois (CCSI). Both tenants operate the site under coterminous, triple-net lease structures with lease term through 2039 and two, five-year options. Decatur Memorial Hospital was founded in 1916 and has since transformed from a one-building facility to a multi-facility medical complex with 30 satellite offices and over 300 physicians. Their cancer care center at the subject site features site-specific medical equipment such two vaults equipped with Linear Accelerators, CT Simulator, Radiology unit, PET/CT Unit, and a Bone Densitometry Unit. In 2019, Decatur Memorial Hospital merged with Memorial Health System who carries a Moodys credit rating of A1.

Cancer Care Specialists of Illinois (CCSI) occupies the remaining 59.7 percent of the site and operates over 20 locations delivering award-winning care. CCSI is also affiliated with several National Cancer Institute research organizations. The subject property is adjacent to Decatur Memorial Hospital Campus, a licensed and fully accredited 300-bed facility that offers a wide range of general and specialized diagnostic, surgical, and treatment centers.

This property offers an investor the opportunity to acquire a stabilized, triple-net medical office facility backed by two powerful healthcare organizations. Both tenants have over 18-years of lease term remaining with 5-year options on the backend of their lease. The leases feature CPI-W increases every 2-years, providing a hedge against inflationary pressure. With strategic positioning in a medical corridor, adjacent to the major Decatur Memorial Hospital campus, this asset provides a passive cash flow investment.

Investment Highlights

  • Triple-Net Leases
  • Long-Term Tenants
  • Stabilized Asset

Exclusively Listed By

Office Medical

Cancer Care Specialists of Illinois

Listing Price: $26,364,000

Cap Rate
5.50%
Gross SF
54,043
Rentable SF
54,043
Price/Gross SF
$487.83
Year Built
1995
Lot Size
6.89 acres

Investment Highlights

  • Triple-Net Leases
  • Long-Term Tenants
  • Stabilized Asset

Investment Overview

Marcus & Millichap is pleased to present 210 West McKinley Avenue in Decatur, Illinois. This fully stabilized medical office asset offers 54,156-square feet with high end medical finishes featuring modern 2009 brick and masonry construction with strategic positioning along West McKinley Avenue. The site is occupied by two synergistic tenants, Decatur Memorial Hospital and Cancer Care Specialists of Illinois (CCSI). Both tenants operate the site under coterminous, triple-net lease structures with lease term through 2039 and two, five-year options. Decatur Memorial Hospital was founded in 1916 and has since transformed from a one-building facility to a multi-facility medical complex with 30 satellite offices and over 300 physicians. Their cancer care center at the subject site features site-specific medical equipment such two vaults equipped with Linear Accelerators, CT Simulator, Radiology unit, PET/CT Unit, and a Bone Densitometry Unit. In 2019, Decatur Memorial Hospital merged with Memorial Health System who carries a Moodys credit rating of A1.

Cancer Care Specialists of Illinois (CCSI) occupies the remaining 59.7 percent of the site and operates over 20 locations delivering award-winning care. CCSI is also affiliated with several National Cancer Institute research organizations. The subject property is adjacent to Decatur Memorial Hospital Campus, a licensed and fully accredited 300-bed facility that offers a wide range of general and specialized diagnostic, surgical, and treatment centers.

This property offers an investor the opportunity to acquire a stabilized, triple-net medical office facility backed by two powerful healthcare organizations. Both tenants have over 18-years of lease term remaining with 5-year options on the backend of their lease. The leases feature CPI-W increases every 2-years, providing a hedge against inflationary pressure. With strategic positioning in a medical corridor, adjacent to the major Decatur Memorial Hospital campus, this asset provides a passive cash flow investment.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower