Orland Park Medical Plaza
100% Leased | 15-Year Leases | Absolute NNN | 38,600 SF
Marketing description
Matthews Real Estate Investment Services™ is pleased to present 10 Orland Square Dr located in Orland Park, IL. This ±35,889-square-foot property is leased to three medical tenants on 15-year leases and include Preferred Surgicenter, Preferred Open MRI, and Advanced Urgent Care. The tenants handle property management and capital replacements responsibilities. The building has underwent $5.5 million of recent medical-grade renovations.
Preferred SurgiCenter is a Joint Commission-accredited ambulatory surgery center that specializes in Minimally Invasive Spine Surgery. Other specialties covered at Preferred include Orthopedics, Pain Management, Podiatry, and Gastroenterology. Next door, is Preferred Open MRI, which houses a 3T MRI, CT Scanner, X-ray, Ultrasound, and Open MRI. Also, Advanced Urgent Care is a 24-hour immediate care center focused on treating injuries and illnesses requiring immediate care.
The subject property is located just off South La Grange Road has direct access to several interstates and is located ±27 miles from downtown Chicago. The subject property is in a highly trafficked and populated area located right next to Orland Square Mall. Orland Square Mall is comprised of over 1.2 million square feet and located in the dense Orland Park trade area. This area is ranked 5th in the Chicago suburbs with approximately $2.5 billion in sales annually. Many national retailers are in proximity including Whole Foods, Lowe’s, REI, Target, Costco Walmart, and Macy’s. Over 43,000 vehicles per day pass the subject property on South La Grange Road, which has access to several state highways and I-80.
Orland Park, Illinois, is a vibrant suburban community located in the southwestern part of the Chicago metropolitan area. Known for its family-friendly atmosphere, the town offers a wide range of recreational activities, including numerous parks, golf courses, and sports facilities. Orland Park is also home to a vibrant commercial district with shopping centers, restaurants, and entertainment options. 10 Orland Square Dr offers an investor the opportunity to acquire a turnkey medical building with outstanding reputation and history in the region.
Investment highlights
Three-Tenant Medical Building | Surgery Center + Urgent Care + Open MRI
Long Term 15-Year Leases with 2% Annual Increases
Absolute NNN Leases | Zero Landlord Responsibilities
Situated at Peripheral of 1.2 Million SqFt Orland Park Mall
Super Regional Market with Over 11 Million SqFt of Retail
Trade Area Spans Over 30 Miles | 705,700 People with 10 Miles
Over $5.5 Million in Medical-Grade Renovations
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