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