Prime NNN Investment Opportunity – Dental Practice in Chicago, IL
This property features a 10.5-year lease expiring 10/31/2029 with 2% annual rent increases and two 5- year renewal options along with a personal guaranty from a well-established 9-location dental operator with strong financials. The tenant has demonstrated consistent 20% year-over-year revenue growth and is a strong candidate for future acquisition by private equity or a national dental chain.
This NNN lease structure provides a low-maintenance investment, with the tenant covering all interior expenses while the condo association manages exterior maintenance, including capital items—costs that are fully reimbursed by the tenant through monthly assessments. In addition, tenant is also fully responsible for paying taxes directly, as well as insurance with landlord named as additional insured.