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10601 S Avenue E
Chicago, IL 60617
12 Yr | 7.50% Cap | Healthcare Sale Leaseback · Office Property For Sale
Investment Highlights
- Medical Office Sale-Leaseback
- 2% Annual Rental Increases – The lease will feature a strong hedge against inflation through the growth of cash flow over the lease
- Committed Guarantor
- 12 Year NNN Lease – This investment features a passive, landlord-friendly, 12-year sale-leaseback
- 8.38% Average Cap Rate – The average cap rate over the life of the 12-year lease will be 8.38% based on our asking cap rate of 7.50%
Property Facts
Property Type
Office
Property Subtype
Medical
Building Size
1,639 SF
Building Class
C
Year Built
1960
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,639 SF
Building FAR
0.38
Lot Size
0.10 AC
Zoning
C1-1
Property Taxes
| Parcel Number | 26-17-201-001-0000 | Improvements Assessment | $23,488 |
| Land Assessment | $10,763 | Total Assessment | $34,251 |
Property Taxes
Parcel Number
26-17-201-001-0000
Land Assessment
$10,763
Improvements Assessment
$23,488
Total Assessment
$34,251
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