Irreplaceable Lakeview Net-Leased Medical
3% Annual Rent Increases | Affluent Area | Fulcrum Aesthetics
Marketing description
This irreplaceable net-leased medical asset in Chicago’s Lakeview neighborhood features 6.59 years of term remaining with scheduled 3% annual rent increases. Fulcrum Aesthetics and Surgery is a premier plastic surgery and luxury medspa led by world-renowned surgeon Dr. David Hill, who was named one of USA Today’s Top Cosmetic Surgeons of 2024. The property is located at a signalized intersection with over 17,000 vehicles per day and benefits from exceptional connectivity, with close proximity to multiple CTA train lines and Interstate 90. The surrounding area is anchored by dominant retail and lifestyle drivers, including the most visited Whole Foods in Illinois, a top-ranked Jewel-Osco, and Wrigley Field, home of the Chicago Cubs. The asset is further supported by an extremely dense and affluent trade area, with an average household income of $194,871 within a 0.5-mile radius and 79,145 residents within a one-mile radius.
Investment highlights
6.59 years remaining on irreplaceable lakeview net-leased medical asset | Scheduled 3% annual rental increases
Signalized intersection of W Belmont Avenue and N Greenview Avenue (17,700 VPD)
Prime location near multiple top ranked stores, public transportation and the chicago cubs
Growing population in a $194K average household income area
Dense Population | Over 44% of units within a 0.5-mile radius have 3-9 units and over 15% of units have 10 or more units
Property Remodeled in 2023 | Adjacent a public parking lot with 61 spaces
1.9 miles from Interstate 90, which sees 204,400 vehicles per day
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