Illinois Bone & Joint | Libertyville, IL

For Sale

Illinois Bone & Joint | Libertyville, IL

Asking Price: $3,350,000 | Cap Rate: 5.5%

• Net Operating Income: $184,128
• Weighted Avg. Lease Term (WALT): 9.6 Years
• Lease Type: Net

Property Highlights

• 100% leased to Illinois Bone & Joint Institute on a net lease with nearly 10 years of primary term remaining
• 2.5% annual increases; strong hedge against inflation and a recently executed extension; showing the tenant’s commitment to the site
• Located in an affluent and dense suburb of Illinois; 115,912 residents with an average household income of nearly $180,300 within 5-miles of the site
• Neighboring retail and medical tenants include: Walgreens, Mariano’s, Jewel-Osco, ALDI, Trader Joe’s, Menards, Starbucks, and the Advocate Condell Medical Center