515 US Highway 6 - Medical FOR SALE


Minooka, IL 60447
$2,481,600 USD
407-913-9009
515 US Highway 6, Minooka, IL for Sale
$2,481,600 USD
Medical - FOR SALE
1/5
null | 6.5% Cap Rate

515 US Highway 6
Minooka, IL 60447


HIGHLIGHTS

  • The tenant is responsible for all Taxes, CAM, and insurance, providing minimal landlord ownership responsibilities.
  • The lease calls for rental increases of 10% every five years including the option periods.
  • Minooka is ideally positioned in between I-80 and I-55 which can take locals and commuting residents throughout the entire Chicagoland area.
  • Additional national retailers in the area include AutoZone, Walgreens, Culver’s, Giordanos, and Starbucks.

OVERVIEW

Initial 10 year lease with Heartland Dental, the largest DSO organization in the U.S., with more than 1,800 dental offices in 38 states. 2022 revenue was $1.2bn. Minooka is located in Chicago’s southwest suburbs and has an affluent customer base, with an average household income of $133,800 within 3 miles of the site. The site is a pad to Jewel-Osco, the dominant grocer in the market, providing superior visibility and access compared to other dentists in the submarket.

FOR SALE DETAILS

PRICE

$2,481,600 USD

PRICE/SF

$650 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dental Care of Minooka

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.22 AC

LAND SF

53,143 SF

ZONING

-

APN/PARCEL ID

03-14-476-006

ASK ABOUT THIS PROPERTY

Connor ShellStream Capital PartnersMore Info
407-913-9009

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Connor ShellStream Capital PartnersMore Info
407-913-9009

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