Your email has been sent.
816-820 W Bartlett Rd - Westgate Commons 7,040 SF Office/Medical Condo Unit Offered at $1,605,000 in Bartlett, IL 60103
Investment Highlights
- Fully leased to a leading Chicagoland dermatology group
- Strong income stream with 3% annual rent increases
- Prime suburban location with robust demographics
- NNN lease structure with minimal landlord obligations
- Lease term secured through July 2029 with renewal options
Property Facts
| Total Building Size | 23,030 SF | Typical Floor Size | 11,515 SF |
| Property Type | Office (Condo) | Year Built | 2007 |
| Property Subtype | Medical | Lot Size | 5.00 AC |
| Building Class | B | Parking Ratio | 71.02/1,000 SF |
| Floors | 2 | ||
| Zoning | PD | ||
| Total Building Size | 23,030 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 11,515 SF |
| Year Built | 2007 |
| Lot Size | 5.00 AC |
| Parking Ratio | 71.02/1,000 SF |
| Zoning | PD |
Amenities
- 24 Hour Access
- Monument Signage
1 Unit Available
Unit 816/820
| Unit Size | 7,040 SF | Sale Type | Investment |
| Price | $1,605,000 | Cap Rate | 7.49% |
| Price Per SF | $227.98 | NOI | $120,245 |
| Condo Use | Office/Medical |
| Unit Size | 7,040 SF |
| Price | $1,605,000 |
| Price Per SF | $227.98 |
| Condo Use | Office/Medical |
| Sale Type | Investment |
| Cap Rate | 7.49% |
| NOI | $120,245 |
Sale Notes
This premier single-tenant net leased investment opportunity is located at 816/820 W. Bartlett Rd in the thriving community of Bartlett, Illinois. The property is fully occupied by Derick Dermatology, a leading provider of medical, surgical, and cosmetic dermatology services with a strong regional presence across Chicagoland. The tenant’s reputation for excellence and expansive network of 18 locations underscores the stability and long-term viability of this investment.
The asset offers investors a fee simple interest in a well-maintained condo property under a NNN lease structure, minimizing landlord responsibilities and ensuring predictable cash flow. With a current NOI of $120,245, a 7% cap rate, and built-in 3% annual rent escalations, this property delivers both immediate income and future growth potential. The lease extends through July 31, 2029, with two additional five-year renewal options, providing exceptional security and continuity.
Strategically positioned in Bartlett, the property benefits from strong demographics, convenient access to major thoroughfares, and proximity to residential neighborhoods that support consistent patient traffic. This is an ideal acquisition for investors seeking a stable, healthcare-oriented asset in a dynamic suburban market.
Presented by
816-820 W Bartlett Rd - Westgate Commons
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.