10703-10749 W 159th St - Medical CONDO FOR SALE


Orland Park, IL 60467
$1,785,000 USD
630-353-1190
10703-10749 W 159th St, Orland Park, IL for Sale
$1,785,000 USD
Medical CONDO - FOR SALE
1/8
null | 6.96% Cap Rate

10703-10749 W 159th St
Orland Park, IL 60467


HIGHLIGHTS

  • 15+ Years Remaining on Initial Lease Term

OVERVIEW

NNN Leased Dental Condo for Sale in Orland Park, IL! This space is currently occupied by Smile Partners USA, a strong DSO with 100+ locations across Alabama, Colorado, Georgia, Illinois, and Michigan. The Smile Partners USA (“SPUSA”) is an affiliated community of like minded practices that, while independently different, share common visions and values built on unrivaled quality, reputation, longevity, and care. SPUSA, otherwise known as the “Smile Alliance Network,” or “SAN” to its networked partner practices, allows each supported practice to “plug into” a set of shared services and “pull” from a set of ideas and practices used by other standard bearers within the field of dentistry, all within a collegial environment. This opportunity boasts 15+ years of remaining INITIAL LEASE TERM with 8.7% base rent increases every 5 years, along with a 10-Year renewal option with the same base rent increase structure.

FOR SALE DETAILS

PRICE

$1,785,000 USD

PRICE/SF

$558 USD /SF

CAP RATE

6.96%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

7,333 SF

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,302 SF

ZONING

COMM, Orland Park

APN/PARCEL ID

27-20-205-009-1009

ASK ABOUT THIS PROPERTY

Doug PaulyJoseph Rossi & AssociatesMore Info
630-353-1190

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Doug PaulyJoseph Rossi & AssociatesMore Info
630-353-1190

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.