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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
32605801

North Larkin Avenue, Joliet, IL 60435

JS
CA 02074212
CrownPoint Partners
DB
CA 02108110
CrownPoint Partners
Listed by CrownPoint Partners
$5,830,000
28 days on market
Updated 28 days ago

The Neighborhood Clinic Corporate

Details
Property Type Retail, Office
Sub Type Medical Office
Square Footage 12,000
Cap Rate 8.00%
NOI $465,547
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 30
Remaining Term 30
Rent Bumps Yes
Lease Options 3-5
Year Built 2009
Year Renovated 2026
Acreage 2.000
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No

30 Year Absolute Net Lease | Fully Guaranteed by The Neighborhood Clinic Corporate

Investment highlights

• 30 Year Absolute Net Lease Offers Predictable Cash Flow • Forward Sale / Under Construction Opportunity

• Fully Guaranteed by The Neighborhood Clinic Corporate Entity, Backed by a $65 Million Endowment

• Purpose-Built 12,000SF Medical Office Building Designed for Comprehensive Healthcare Delivery

• Tenant Provides Primary Care, Regenerative Medicine, and Behavioral Health Services Under an Integrated Care Model

• No Landlord Responsibilities and Potential Tax Advantages, Including Opportunities for Accelerated Depreciation

• Ideal For Private Investors Or 1031 Exchange Buyers Seeking A Manageable, Income-Producing Healthcare Asset With Strong Credit Tenancy

• Institutional Exit Profile Supported by Long Lease Term and Corporate Guarantee Structure

Listing Contacts

JS
CA 02074212
CrownPoint Partners
DB
CA 02108110
CrownPoint Partners
Listed by CrownPoint Partners

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$465,547.00
$38,795.58/mo

Valuation Metrics

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DSCR
7.99%
Cap Rate
7.99%
ROI

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