Advocate Health Care - Morton Grove, IL
6131 Dempster St Morton Grove , IL 60053

Advocate Health Care - Morton Grove, IL - healthcare for sale

Download offering memorandum:

Overview



Single-tenant, well-maintained medical office proper for sale along the busy Dempster Street, less than one mile from I-94 and just 16 miles from Chicago. The property is currently leased to Advocate Health Care, a leading regional non-profit medical services operator with over 400 locations nationwide. Full roof replacement was done in 2016 and is covered in a transferable 10-year warranty. 

Investment highlights


  • Fee simple interest
  • Property includes an NN lease structure with 4.7 years of contractual term remaining, full CAM reimbursement
  • Annual rent increases of 3% with one 3-year option to extend
  • Minimal landlord responsibilities
  • Highly visible location on Dempster Street and less than 1 mile from I-94
General
Property type Healthcare
Property subtype Medical office
Tenure type Sale/Purchase
Property address 6131 Dempster St, Morton Grove, IL 60053-2953
Land in acres 0.51
Building size 7,551  ft2
Year built 1951
Financial
Price $1,600,000
Cap rate 8.75%
Current NOI $139,996.00
Lease

Other properties you may be interested in

  • 1165 N. Clark Retail Vertical Subdivison - Retail - Sale - Property View
    Retail
    1165 N. Clark Retail Vertical Subdivison
    1165 N Clark StChicago, IL 60610-2702
    Confidential
    18,100 ft2
    Sale/Purchase
  • 1702 Avenue U - Brooklyn, NY - Retail - Sale - Property View
    Retail
    1702 Avenue U - Brooklyn, NY
    1702 Avenue UBrooklyn, NY 11229-3812
    Confidential
    6,400 ft2
    Sale/Purchase
  • 24 Hour Fitness - Dallas, TX - Retail - Sale - Property View
    Retail
    24 Hour Fitness - Dallas, TX
    2300 Fort Worth AveDallas, TX 75211
    $13,616,000
    37,000 ft2
    Sale/Purchase
  • 2830 Mannheim Road - Retail - Sale - Property View
    Retail
    2830 Mannheim Road
    2830 Mannheim RdFranklin Park, IL 60131-2222
    $2,445,000
    4,275 ft2
    Sale/Purchase
  • 3149 Ambassador Caffery Pkwy, Lafayette LA - Healthcare - Sale - Property View
    Healthcare
    3149 Ambassador Caffery Pkwy, Lafayette LA
    3149 Ambassador Caffery PkwyLafayette, LA 70506-7209
    $17,026,208
    35,367 ft2
    Sale/Purchase
  • 3500 Youngfield  - Wheat Ridge, CO - Retail - Sale - Property View
    Retail
    3500 Youngfield - Wheat Ridge, CO
    3500 Youngfield StWheat Ridge, CO 80033-5286
    $3,175,000
    6,500 ft2
    Sale/Purchase