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Midwest Express Clinic | 2.5% Buyside Fee NNN 855-865 E Geneva Rd 2,980 SF Retail Building Carol Stream, IL 60188 $1,993,114 ($668.83/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- LONG-TERM NET LEASE: This property is secured by a long-term NNN lease, requiring minimal landlord responsibilities.
- PROVEN INDUSTRY WITH E-COMMERCE RESISTANCE: Healthcare operators aren’t prone to the same competition that many retail tenants face.
- HIGH INCOME AND DENSE POPULATION: Within a five-mile radius of the site, the population exceeds 250,000 residents.
- ANNUAL RENTAL INCREASES: The lease features 2% annual rental escalators, giving investors a hedge against inflation.
- PROXIMITY TO OTHER NATIONAL BRANDS: The property is near a retail trade area that includes many national brands.
- ESTABLISHED AND GROWING TENANT: Midwest Express Clinic is a leading urgent care operator with approximately 53 locations across IL & IN.
EXECUTIVE SUMMARY
Matthew M. Fitzgerald
License No. 478027547 (IL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
License No. 478027547 (IL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,980 SF
Building Class
B
Year Built/Renovated
1995/2023
Price
$1,993,114
Price Per SF
$668.83
Cap Rate
7%
NOI
$139,518
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.04 AC
Zoning
C
Parking
10 Spaces (3.36 Spaces per 1,000 SF Leased)
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05-04-400-053 | Improvements Assessment | $56,119 |
| Land Assessment | $177,996 | Total Assessment | $234,115 |
PROPERTY TAXES
Parcel Number
05-04-400-053
Land Assessment
$177,996
Improvements Assessment
$56,119
Total Assessment
$234,115
CONTACTS
-
Kyle Mackulak -
Tyler Swade -
Rahul Chhajed -
Michael Moreno -
Matthews Real Estate Investment Services
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Midwest Express Clinic | 2.5% Buyside Fee NNN | 855-865 E Geneva Rd
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