731 SLINOIS RTE 21 Gurnee IL 60031

Marcus & Millichap is pleased to present this condominium unit located at 731 South Illinois Route 21, Suite 150, Gurnee, Illinois. The medical condo is comprised of 4,253 square feet and offers ample parking spaces.

This office condo is leased to Northshore Center Gastroenterology, SC Division of GI Partners Illinois, Inc., under an absolute-net lease structure with 3% annual increases and a private guarantee. Approximately 4 years of the lease term remain, with one 10-year renewal option available. The site benefits from excellent synergy with other condo units in the complex, housing tenants such as University Foot Associates, Glamorously Beautiful, Northshore Medical Group, and Advocate Healthcare.

The Northshore Center for Gastroenterology, a division of GI Partners of Illinois, is a specialized medical facility dedicated to diagnosing and treating various digestive disorders. Their team of board-certified gastroenterologists addresses conditions like Barrett's esophagus, gastroesophageal reflux disease (GERD), Crohn's disease, ulcerative colitis, and celiac disease. They also manage swallowing disorders, liver diseases, and other gastrointestinal issues.

100 Percent Fully Occupied Condo Unit

• Absolute-Net Lease Structure

• Over Four Years of Lease Term remains

• Lease is backed by a Private Guarantee

• Three Percent Rental Increases

• One, 10-Year Option Remains