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- LoopNet Team
160 N Main St
Breese, IL 62230
New 10 Year Lease with Fresenius | 15% bumps · Office Property For Sale
PROPERTY FACTS
ABOUT 160 N MAIN ST , BREESE, IL 62230
The subject property is a Renal Advantage (RAI) facility located in Breese, Illinois. The tenant has been at this location since 2002. RAI is a wholly owned subsidiary of Fresenius Kidney Care, the world’s largest kidney care provider. The dialysis clinic consists of 5,000 square feet and is strategically located within the center of town and one mile south of the St. Josephs Hospital and US HWY 50 which provides direct access to St . Louis and its eastern suburbs. RAI recently extended their lease at this clinic an additional 10 years through January 2028, demonstrating their ongoing commitment to the facility. The lease includes very rare 15% rent increases every 5 years. Illinois is a Certificate of Need (CON) state, which creates significant barriers to entry in this market for any potential competitors. CON laws are designed to restrain health care facility costs and allow coordinated planning of new services and construction.
PROPERTY TAXES
| Parcel Number | 06-06-22-159-025 | Improvements Assessment | $104,330 |
| Land Assessment | $27,960 | Total Assessment | $132,290 |
PROPERTY TAXES
