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Office Medical

Access Community Health

1 N Broadway St, Des Plaines, IL 60016

Listing Price: $3,546,000

Cap Rate
7.00%
Gross SF
8,911
Rentable SF
8,911
Price/Gross SF
$397.94
Year Built
1961
Lot Size
0.90 acres

Investment Overview

Marcus & Millichap is pleased to present the fee-simple ownership interest in 1-9 North Broadway in Des Plaines, Illinois. This 8,911-square foot medical office condo is fully-leased to Access Health Network under a desirable triple-net lease structure. The lease features competitive 3.00 percent annual rental escalations, with a corporate guarantee. The property boasts strategic hard corner parcel positioning, signalized intersection just south of East Golf Road and Northwest Highway seeing over 15,100 vehicles per day. The subject site features 20 + exam rooms, several offices, 2 nurse stations, and a lab pharmacy. There is tenant-controlled central air-conditioning.

The subject property is environmentally clean, and zoned C-3 (General Commercial Zoning). There is public transportation via Pace Bus service. Access Health Network is Chicago areas largest provider of community health care with over 35 health centers spanning Cook and DuPage counties. Access Health serves as the medical home for more than 180,000 patients each year. A federally qualified health center (FQHC), Access Health is accredited by The Joint Commission. Only a 10-minute drive from major Lutheran General Hospital, the subject site possesses optimal medical office positioning. Ample parking with a highly visible hard corner parcel allows for ease of access for both patients and physicians alike.

This property offers an investor the opportunity to acquire a fully stabilized, passive net leased medical office asset backed by Chicago areas most prominent community healthcare provider. Annual rental escalations provide a landlord with a healthy hedge against inflationary pressure.

Investment Highlights

  • Triplet-Net Lease Structure
  • Optimal Tenant Access Community Health Network
  • 3 Percent Annual Rental Escalations

Exclusively Listed By

Office Medical

Access Community Health

Listing Price: $3,546,000

Cap Rate
7.00%
Gross SF
8,911
Rentable SF
8,911
Price/Gross SF
$397.94
Year Built
1961
Lot Size
0.90 acres

Investment Highlights

  • Triplet-Net Lease Structure
  • Optimal Tenant Access Community Health Network
  • 3 Percent Annual Rental Escalations

Investment Overview

Marcus & Millichap is pleased to present the fee-simple ownership interest in 1-9 North Broadway in Des Plaines, Illinois. This 8,911-square foot medical office condo is fully-leased to Access Health Network under a desirable triple-net lease structure. The lease features competitive 3.00 percent annual rental escalations, with a corporate guarantee. The property boasts strategic hard corner parcel positioning, signalized intersection just south of East Golf Road and Northwest Highway seeing over 15,100 vehicles per day. The subject site features 20 + exam rooms, several offices, 2 nurse stations, and a lab pharmacy. There is tenant-controlled central air-conditioning.

The subject property is environmentally clean, and zoned C-3 (General Commercial Zoning). There is public transportation via Pace Bus service. Access Health Network is Chicago areas largest provider of community health care with over 35 health centers spanning Cook and DuPage counties. Access Health serves as the medical home for more than 180,000 patients each year. A federally qualified health center (FQHC), Access Health is accredited by The Joint Commission. Only a 10-minute drive from major Lutheran General Hospital, the subject site possesses optimal medical office positioning. Ample parking with a highly visible hard corner parcel allows for ease of access for both patients and physicians alike.

This property offers an investor the opportunity to acquire a fully stabilized, passive net leased medical office asset backed by Chicago areas most prominent community healthcare provider. Annual rental escalations provide a landlord with a healthy hedge against inflationary pressure.

Exclusively Listed By

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