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Fresenius Medical Care 16177 W 127th St 8,732 SF Office Building Lemont, IL 60439 $3,431,000 ($392.92/SF) 7.50% Cap Rate
Investment Highlights
- Corporately Guaranteed | Build-To-Suit for Fresenius in 2016
- In-Center Hemodialysis Clinic Located Within a Certificate of Need State
- Seven Miles from UChicago Medicine AdventHealth Bolingbrook (138 Beds) | Nine Miles from Silver Cross Hospital (348 Beds)
- Over Five Years of Firm Term Remaining on Original 15-Year Double-Net Lease
- Half a Mile from Advocate Good Samaritan Outpatient Center and Immediate Care
- Average Household Income of $155,265 within One Mile
Executive Summary
Corporately guaranteed, build-to-suit Fresenius Medical Care dialysis facility, delivered in 2016 and secured by a double-net (NN) lease with more than five years of initial term remaining. The lease features 1.7 percent annual rent escalations and three additional five-year renewal options.
The property is located in a Certificate of Need (CON) state with the nearest competing dialysis center located nearly eight miles away, creating a protected trade area with strong long-term patient demand and limited competition. It benefits from immediate proximity to multiple major hospital systems and a dense senior-oriented population base. The surrounding submarket is highly affluent and densely populated, with more than 105,000 residents within a five-mile radius and average household incomes exceeding $155,000 within one mile.
The property is located in a Certificate of Need (CON) state with the nearest competing dialysis center located nearly eight miles away, creating a protected trade area with strong long-term patient demand and limited competition. It benefits from immediate proximity to multiple major hospital systems and a dense senior-oriented population base. The surrounding submarket is highly affluent and densely populated, with more than 105,000 residents within a five-mile radius and average household incomes exceeding $155,000 within one mile.
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Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
8,732 SF
Building Class
B
Year Built
2016
Price
$3,431,000
Price Per SF
$392.92
Cap Rate
7.50%
NOI
$257,349
Tenancy
Single
Building Height
1 Story
Typical Floor Size
8,732 SF
Building FAR
0.15
Lot Size
1.31 AC
Parking
53 Spaces (6.07 Spaces per 1,000 SF Leased)
Fairly walkable
40/100
Exceptionally drivable
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 22-30-403-016-0000 | Improvements Assessment | $307,311 |
| Land Assessment | $99,862 | Total Assessment | $407,173 |
Property Taxes
Parcel Number
22-30-403-016-0000
Land Assessment
$99,862
Improvements Assessment
$307,311
Total Assessment
$407,173
Contacts
-
Sean Sharko -
Austin Weisenbeck -
Daniel Chumbley -
Sharko | Weisenbeck | Mendoza Group
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Fresenius Medical Care | 16177 W 127th St
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