Northmarq, on behalf of the Ownership, is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single-tenant urgent care clinic (“the Property”). The Property is subject to an absolute triple net lease, with above-market rental increases and attractive renewal options. The Property encompasses approximately 10,400 SF on 1.54 acres in Rockford, Illinois. The Property is leased to Physicians Immediate Care, LLC (“the Tenant” or “PIC”), a Midwest leader in urgent care and occupational health. In 2022, WellNow Urgent Care completed its strategic acquisition of Physicians Immediate Care. Together they have over 200 locations. The Property is operated by a joint venture between the Tenant and OSF HealthCare (“OSF”). OSF is an Illinois-based healthcare system comprised of 13 hospitals, 1,300 physicians, and is rated A+ by Fitch. The Property has exhibited long-term financial stability. The Property is leased on an absolute triple net basis with a lease term of 8.9 years remaining on the initial term, and two successive options to renew for 10 additional years. The lease provides above-market annual rental escalations of 2.50% throughout the initial term and continuing during each renewal option. This offering provides a passive investment with no Landlord maintenance obligations of any kind, with rental escalations providing bolstered returns and a hedge against inflation.