24020 W Riverwalk Ct - Medical CONDO FOR SALE


Plainfield, IL 60544
$1,717,000 USD
630-353-1190
24020 W Riverwalk Ct, Plainfield, IL for Sale
$1,717,000 USD
Medical CONDO - FOR SALE
1/16
null | 6.95% Cap Rate

24020 W Riverwalk Ct
Plainfield, IL 60544


HIGHLIGHTS

  • 20+ Years of Initial Term Length Remaining
  • NNN Investment
  • Strong national DSO with 100+ locations
  • 20 Years of initial lease term
  • 13% Base rent increasing every 5 years
  • 10 Year renewal option

OVERVIEW

NNN Leased Dental Condo for Sale in Plainfield! 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 20+ 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

$1,717,000 USD

PRICE/SF

$881 USD /SF

CAP RATE

6.95%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

15,467 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

104

LAND DETAILS

LAND ACRES

1.98 AC

LAND SF

86,249 SF

ZONING

I-1

APN/PARCEL ID

09-09-201-012

ASK ABOUT THIS PROPERTY

Doug PaulyJoseph Rossi & AssociatesMore Info
630-353-1190

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Doug PaulyJoseph Rossi & AssociatesMore Info
630-353-1190

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