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801 W Lake Ave
Peoria, IL 61614
10 Yr. Term NNN Oak Street Medical - 6.5% CAP · Retail Property For Sale
Investment Highlights
- Single-Tenant Location with High-Profile, Publicly-Traded Medical User, Oak Street Health (NYSE: OSH): New 10-Yr. Lease Executed in 2021
- NNN Lease Structure: No Daily Management Responsibilities, Mid-Term Rental Increase and 10% Rental Increases at the Beginning of Each Option Period
- Joint Venture Partnership with Humana (NYSE: HUM), a Leading Health and Well-Being Company Providing Medicare Benefits to Patients 65 and Over
- Oak Street Health Self-Funded an Estimated $2,000,000 in TI to Their State-of-the-Art Space Designed to Meet Specific Needs, Demonstrating Commitment
- Strong Primary Care Tenancy: Oak Street Health Currently Operates 125+ Medical Centers Across 20 States
- Ideal Demographics with Average Household Incomes of Approx. $70,000 and High Population Density of Over 115,000 Residents Within a 5-Mile Radius
Property Facts
Property Type
Building Size
25,000 SF
Building Class
B
Year Built/Renovated
1983/2021
Tenancy
Single
Building Height
1 Story
Building FAR
0.81
Lot Size
0.71 AC
Zoning
C-2
Parking
280 Spaces (11.2 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 14-20-476-033 | Improvements Assessment | $197,130 |
| Land Assessment | $65,270 | Total Assessment | $262,400 |
Property Taxes
Parcel Number
14-20-476-033
Land Assessment
$65,270
Improvements Assessment
$197,130
Total Assessment
$262,400
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