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33289398
33289397

391 S. Bolingbrook Drive, Bolingbrook, IL 60440

SW
IL IL 471011175
Marcus & Millichap - Chicago Oak Brook
FR
IL 475.139806
Marcus & Millichap - Chicago Downtown
BR
IL 475.137849
Marcus & Millichap - Chicago Downtown
Listed by Marcus & Millichap - Chicago Oak Brook, Marcus & Millichap - Chicago Downtown
$4,800,000
9 days on market
Updated 4 days ago

Concentra Urgent Care

Details
Property Type Office
Sub Type Medical Office
Square Footage 8,050
Net Rentable (SqFt) 8,050
Cap Rate 7.40%
NOI $355,040
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 5
Lease Expiration 12/17/2029
Remaining Term 3.5
Rent Bumps Yes
Lease Options Two 5-Year Extensions w/ Increases
Price per SqFt $596
Class B
Year Built 2002
Year Renovated 2009
Buildings 1
Acreage 1.620
Zoning Commercial
Parking Spaces 60 spaces
Parking Per SqFt 7.45
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 12/18/2024
Ownership Fee simple

Office | 7.40% CAP | 8,050 SqFt

Marketing description

Marcus & Millichap is pleased to present 391 S. Bolingbrook Road, Bolingbrook, Illinois. This single-tenant medical office was constructed in 2002 and renovated in 2009. This medical office consists of 8,050 square feet situated on a 1.62-acre parcel. The property is fully occupied by Concentra Urgent Care under a triple-net lease structure with 2% annual rent escalations. The lease includes two remaining 5-year renewal options with continued increases. It is supported by a corporate guarantee with an S&P credit rating of BB-, and there are approximately 3 years and 8 months remaining on the current lease term.

Concentra Urgent Care in Bolingbrook, Illinois operates as a convenient walk-in medical clinic providing both urgent care and occupational health services to the surrounding community and local employers. The location treats a wide range of non-emergency conditions such as minor illnesses, sprains, infections, cuts, and other acute injuries. In addition, it offers comprehensive employer-focused services including pre-employment physicals, DOT physicals, drug and alcohol testing, and workplace injury management. With extended weekday hours and Saturday availability, the clinic is structured to serve both individual patients and corporate clients seeking efficient, accessible healthcare and occupational health solutions in the Bolingbrook area.

Situated along Bolingbrook Drive, a primary commercial corridor, the property benefits from strong access to a variety of nearby amenities and regional transportation infrastructure. The surrounding area includes retail centers, restaurants, service providers, and everyday conveniences that support both residents and the local workforce. The corridor is also strategically positioned near major highways including Interstate 55, Interstate 355 (Veterans Memorial Tollway), and Illinois Route 53, providing excellent connectivity throughout the southwest suburbs and direct access to the greater Chicago metropolitan area. This combination of strong retail presence and regional highway access enhances the functionality and desirability of the location within Bolingbrook, Illinois.

Investment highlights

  • 100% occupied medical office property
  • Lease secured by a corporate guarantee
  • S&P credit rating: BB-
  • Two remaining 5-year renewal options
  • 2% annual rental escalations
  • Approximately 3 years and 8 months remaining on current lease term
  • Strong visibility and convenient accessibility
  • Proximity to I-55, I-355, and Route 53
  • Multiple points of ingress and egress
  • Surrounded by a strong mix of national retailers and commercial amenities

Listing Contacts

SW
IL IL 471011175
Marcus & Millichap - Chicago Oak Brook
FR
IL 475.139806
Marcus & Millichap - Chicago Downtown
BR
IL 475.137849
Marcus & Millichap - Chicago Downtown
Listed by Marcus & Millichap - Chicago Oak Brook, Marcus & Millichap - Chicago Downtown

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$355,040.00
$29,586.67/mo

Valuation Metrics

0
DSCR
7.4%
Cap Rate
7.4%
ROI

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Additional Information

Name
Steven Weinstock
License
471011175
Brokerage
Marcus&Millichap
Title
Broker of Record
Brokerage Address
One Mid America Plaza, Suite 200, Oakbrook Terrace, IL 60181
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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