Advocate Medical Group
Chicago
,
IL
Illinois
Call for Details
$
8,060,000
.svg)
Call for Details
5.75
%
CAP Rate
Multi-Million Dollar Tenant Improvement Underway
$2.6M Tenant-Funded Renovation & 2nd Floor Office Buildout Expected to Begin January 2025
Investment-Grade Medical Tenant
Rated 'AA' by Fitch & 'Aa3' by Moody's
1,000+
Hospital Beds within 3-Mile Radius
Property details
- Recently Extended 10-Year NNN Lease to Advocate Health
- Rare 3% Annual Rental Escalations
- Tenant Signed 10-Year Lease Extension Prior to Lease Expiration, Demonstrating Long-Term Commitment to Site
- $2.6M Tenant-Funded Renovation and 2nd-Floor Office Buildout Expected to Begin January 2025
- New Behavioral Health and Rehab Space Ensures Long-Term Viability of Site
- Significant Investment in Renovation Ensures Long-Term Occupancy
- Advocate Health is Third-Largest Integrated Health System in the U.S. and Largest Health System in Illinois
- $28 Billion in Annual Revenue
- 67 Hospitals and 1,000+ Sites of Care Across 6 States
- Investment Grade Tenant Rated 'AA' by Fitch & 'Aa3' by Moody's
- 3 Miles from I-94 Arterial
- 257,400 AADT
- Student Population of 8,020 within 5 Miles of Site
- 9 Miles from Midway Airport
- 2nd-Busiest Airport in Chicago with 20+ Million Passengers per Year
- Chicago is 3rd Most Populous City in the U.S.
- MSA GDP of $764.6B
- Oversized Lot with Abundant Onsite Parking
- Total Population of 596,757 within 5 Miles
- Average Household Income of $128,149 within 1 Mile
- Nearby Retail includes Whole Foods, Meijer, Walmart Supercenter & More
Listing leads
Putnam Daily
Managing Partner
CA RE Lic #01750064
Lindsey Snider
Senior Partner
CA RE Lic #01443387
Scott Reid
ParaSell, Inc.
IL RE Lic #471020418