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31534991
31534992

19260 S Halsted St, Homewood, IL 60430

JJ
CO 100103493
CBRE - Healthcare Capital Markets
MK
IL 475154630
CBRE - Oak Brook
CB
CA CA 01892501, CA CO FA40040209
CBRE - Denver Downtown
Listed by CBRE - Healthcare Capital Markets, CBRE - Oak Brook, CBRE - Denver Downtown
$9,632,000
62 days on market
Updated 60 days ago

AbilityLab - Homewood, IL: NNN Lease with ‘A+’ Credit

Details
Property Type Office
Sub Type Medical Office
Square Footage 20,188
Net Rentable (SqFt) 20,188
Cap Rate 6.5%
NOI $626,085
Occupancy 100%
Tenancy Single
Lease Type NNN
Remaining Term 6
Rent Bumps Yes
Price per SqFt $477
Class A
Year Built 2019
Buildings 1
Stories 1
Acreage 2.790
Parking Spaces 101 per 1,000 sq ft
Investment Type Stabilized

Investment Opportunity with ‘A+’ Credit and 100% NNN Leased

Marketing description

TO SIGN THE NDA AND GET IMMEDIATE ACCESS TO THE OFFERING MEMORANDUM, PLEASE VISIT:

www.ShirleyRyanAbilityLabPortfolio.com (or click: https://www.cbredealflow.com/handler/modern.aspx?pv=-Y2MO4ZJqP-tUJny3tMROHBEHPiUB22tUCSIbTI6zac#_top)

CBRE’s U.S. Healthcare Capital Markets Group is pleased to present the exclusive opportunity to acquire

Shirley Ryan AbilityLab Homewood (the “Property”), a high-volume, build-to-suit DayRehabCenter®

located at 19260 S. Halsted Street in Homewood, Illinois. Completed in 2019, the Homewood facility was

strategically developed to double SRALab’s existing local footprint, providing a critical increase in patient

capacity to meet exploding regional demand. The Property is 100% net leased to the Rehabilitation Institute

of Chicago, d/b/a Shirley Ryan AbilityLab (“SRALab” or the “Tenant”) (Fitch: ‘A+‘), which has been ranked

the #1 rehabilitation hospital in the United States for 35 consecutive years by U.S. News & World Report—

the only hospital of any kind to hold this distinction.

The 20,188 rentable square foot facility features a 5.3-year weighted average lease term remaining (WALT)

with fixed 2.5% annual rent escalations. Strategically selected for its superior access to I-294 and I-80,

the facility draws patients from a massive geographic population stretching from the south and southwest

Chicago suburbs to northwest Indiana. As a result, the Homewood facility consistently ranks among

the top DayRehabCenters® in terms of patient volume. The Property includes specialized therapeutic

infrastructure, such as a unique 370’ outdoor walking path made of crushed granite designed for surfacespecific

rehabilitation, and three state-of-the-art gyms for pediatric, physical, and occupational therapy.

SRALab’s significant long-term commitment to this location is further underscored by its $5.0 million direct

capital investment into the facility’s specialized interior hard costs and structural systems.

TO SIGN THE NDA AND GET IMMEDIATE ACCESS TO THE OFFERING MEMORANDUM, PLEASE VISIT:

www.ShirleyRyanAbilityLabPortfolio.com (or click: https://www.cbredealflow.com/handler/modern.aspx?pv=-Y2MO4ZJqP-tUJny3tMROHBEHPiUB22tUCSIbTI6zac#_top)

Investment highlights

  • TO SIGN THE NDA AND GET IMMEDIATE ACCESS TO THE OFFERING MEMORANDUM, PLEASE VISIT:

www.ShirleyRyanAbilityLabPortfolio.com (or click: https://www.cbredealflow.com/handler/modern.aspx?pv=-Y2MO4ZJqP-tUJny3tMROHBEHPiUB22tUCSIbTI6zac#_top)

  • World-Renowned, High Investment-Grade Tenancy
  • Class ‘A’, State-of-the-Art Rehabilitation Centers
  • Critical-Care Assets
  • Significant Tenant Investment
  • 100% Net-Leased with 2.5% Annual Escalations

Listing Contacts

JJ
CO 100103493
CBRE - Healthcare Capital Markets
MK
IL 475154630
CBRE - Oak Brook
CB
CA CA 01892501, CA CO FA40040209
CBRE - Denver Downtown
Listed by CBRE - Healthcare Capital Markets, CBRE - Oak Brook, CBRE - Denver Downtown

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$626,085.00
$52,173.75/mo

Valuation Metrics

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DSCR
6.5%
Cap Rate
6.5%
ROI

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