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20092183
20092185

6101 W 95th St, Oak Lawn, IL 60453

DC
IL IL 475.188007
Marcus & Millichap SWM Group
SW
IL IL 471011175
Marcus & Millichap - Chicago Oak Brook
SS
IL 471.010712
Marcus & Millichap SWM Group
AW
IL 475.140200
Marcus & Millichap SWM Group
Listed by Marcus & Millichap SWM Group, Marcus & Millichap - Chicago Oak Brook
$2,942,430
618 days on market
Updated 55 days ago

JenCare Senior Medical Care

Details
APN 24-08-105-005-0000: 24-08-105-006-0000: 24-08- 105-007-0000: 24-08-105-008-0000: 24-08-105- 009-0000: 24-08-105-010-0000: 23-08-025-0000
Property Type Office, Retail
Sub Type Medical Office
Square Footage 10,815
Cap Rate 8.6%
NOI $253,049
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 09/30/2027
Remaining Term 1.3
Rent Bumps Yes
Lease Options 1, 7-Year
Price per SqFt $275
Broker Co-Op Yes
Year Built 1976 | 2006
Buildings 1
Acreage 0.580
Parking Spaces 40 spaces
Parking Per SqFt 3.70
Investment Type Net Lease
Lease Commencement 06/05/2013
Rent Commencement 06/04/2013
Ownership Fee Simple

Expanding Tenant | Infill Location | Near 2 Hospitals | NNN Lease

Marketing description

Marcus & Millichap is pleased to exclusively offer JenCare Senior Medical Center, located in a dense Chicago suburb, which operates under a NNN lease with 3% annual increases. JenCare has been at this location for over a decade, reaffirming its commitment by renewing the lease for seven more years in 2020, with three years currently remaining. Furthering its investment, the company spent over $50,000 in 2024 to install a new fiber optic system and improve the parking lot through resurfacing and striping.

JenCare is a rapidly growing senior primary care provider formed through a joint venture between ChenMed and Humana. With 33 locations across five states, it is part of ChenMed's broader network, which has grown steadily over the past decade, increasing membership by 37.06% annually from 2010 to 2022. ChenMed operates over 130+ locations in 15 states and in 2022/2023 37 new clinics that year opened.

The property is situated near two major hospitals with a combined total of 1,086 beds. Advocate Christ Medical Center, located just 2.5 miles away, is a premier teaching institution with over 1,500 affiliated physicians and 105,000 patient visits annually. It is one of the busiest Level I trauma centers in Illinois. OSF Little Company of Mary Medical Center, located 4.4 miles from the site, offers 298 beds and handles 11,600 inpatient visits, 253,000 outpatient visits, and nearly 50,000 emergency department patients annually.

The JenCare facility is positioned along Oak Lawn’s busiest corridor, 95th Street, a major thoroughfare that sees 33,325 vehicles per day. The area is home to major shopping centers, including the Chicago Ridge Mall, which attracted seven million visitors over the past year. Additionally, the property is located just two miles from the Interstate 294 interchange, which has a traffic count of 181,700 vehicles per day.

The medical center is surrounded by several assisted living facilities, including Oak Lawn Respiratory & Rehabilitation Center (143 beds), Aperion Care Oak Lawn (134 beds), and ALIYA of Oak Lawn (191 beds), all within half a mile. The area boasts attractive demographics, with 156,115 residents living within three miles and 348,248 people working within a five-mile radius.

Investment highlights

  • NNN Leased JenCare Senior Medical Center in a Dense Chicago Suburb

  • JenCare has been Operating at this Location for Over 10 Years | NNN Lease with 3% Annual Increases

  • Displayed Commitment to Site by Executing a 7-Year Renewal Option in 2020 | Furthered Their Commitment by the Installation of New Fiber Optic System and Resurfacing/ Striping the Parking Lot in 2024

  • JenCare was Formed Through a Strategic Joint Venture Between ChenMed and Humana | Chened Operates Over 130+ Locations in 15 States | Opened 37 Clinics in 2022 & 2023 | JenCare Operates 33 Locations in 5 States

  • Near Two Major Hospitals | 1,086 Beds Combined

  • Situated Along Oak Lawn’s Busiest Corridor | Surrounded by Attractive Demographics with a Large Population and Workforce

Listing Contacts

DC
IL IL 475.188007
Marcus & Millichap SWM Group
SW
IL IL 471011175
Marcus & Millichap - Chicago Oak Brook
SS
IL 471.010712
Marcus & Millichap SWM Group
AW
IL 475.140200
Marcus & Millichap SWM Group
Listed by Marcus & Millichap SWM Group, Marcus & Millichap - Chicago Oak Brook

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$253,049.00
$21,087.42/mo

Valuation Metrics

0
DSCR
8.6%
Cap Rate
8.6%
ROI

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Additional Information

Name
Daniel Chumbley
License
IL 475.188007
Brokerage
Marcus & Millichap
Title
Healthcare Real Estate Broker
Name
Steven Weinstock
License
IL 471011175
Brokerage
Marcus & Millichap
Title
Managing Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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