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Advocate Medical Group 2210 W 95th St

25,000 SF 100% Leased Retail Building Chicago, IL 60643 $11,424,808 CAD ($457 CAD/SF) 5.63% Cap Rate

Investment Highlights

  • $2.6M Tenant-Funded Renovation and 2nd-Floor Office Buildout Expected to Begin January 2025
  • Tenant Signed 10-Year Lease Extension Prior to Lease Expiration, Demonstrating Long-Term Commitment to Site
  • Advocate Health is Third-Largest Integrated Health System in the U.S. and Largest Health System in Illinois - $28B Annual Revenue
  • Recently Extended 10-Year NNN Lease to Advocate Health with Rare 3% Annual Rental Escalations
  • Investment Grade Tenant Rated ‘AA’ by Fitch & ‘Aa3’ by Moody’s
  • 3 Miles from I-94 Arterial – 257,400 AADT

Executive Summary

The tenant has completed a new physical rehabilitation suite on the first floor and will begin an additional $2.6 million renovation of this location including behavioral health offices on the second floor. Given consistent high demand for behavioral health services in excess of availability, the addition of these services at the site will drive revenue for the Tenant – Illinois’ largest health system – and ensure long-term occupancy at the site.
The subject property is prominently located with excellent access and visibility along west 95th street (24,000 ADT) in close proximity to its junction with South Western Avenue (31,400 AADT) less than 3 miles from the I-94 arterial (257,400 AADT). The site benefits from robust infill demographics with a total population of 596,757 within a 5 mile radius and average household income of $128,429 within 1 mile of the site.
The property benefits from a strategic infill location in close proximity to shopping centers, major retail tenants, schools, and medical centers. Nearby shopping centers include Evergreen Plaza, featuring Whole Foods Market, Five Below, Market by Macy’s, Burlington, & Planet Fitness; Evergreen Marketplace, anchored by Meijer, Menard’s, Sam’s Club, and Walmart Supercenter; Green Oak Shopping Center, anchored by Staples and Marshalls; and more.
In addition, the property is located less than 1 Mile from OSF Healthcare Little Company of Mary Medical Center, a 274-bed hospital that serves 11,600 inpatients, 253,000 outpatients, and nearly 50,000 emergency room visits annually. The site is less than 3 miles from Advocate Christ Medical Center, a 788-bed teaching hospital and Level I Trauma Center, and Advocate Children’s Hospital - Oak Lawn. The property is approximately 3 miles from Saint Xavier University, with approximately 3,500 students; 4 miles from Chicago State University, with a student body of 2,317; and 5 miles from Richard J. Daley College, with 2,203 students enrolled. The site is approximately 9 miles from Chicago Midway International Airport, Chicago’s second-busiest airport serving more than 20 million passengers per year.
This property is listed in association with Illinois-licensed real estate broker ParaSell, Inc. | Costa Mesa, CA | A Licensed Illinois Broker #478027307

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
25,000 SF
Building Class
B
Year Built
1999
Price
$11,424,808 CAD
Price Per SF
$457 CAD
Cap Rate
5.63%
NOI
$642,823 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.33
Land Acres
1.74 AC
Zoning
commercial
Parking
108 Spaces (4.3 Spaces per 1,000 SF Leased)
Frontage
600 ft on W 95th St

Amenities

  • Signage
  • Signalized Intersection
Walk Score ®
Very Walkable (88)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Chili's Grill & Bar
Chase Bank
Citi
Checkers
Meijer
Planet Fitness - Evergreen Park, IL
Five Guys
Buffalo Wild Wings
Giordano's
Anytime Fitness

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 25-06-320-019-0000
  • 25-06-320-041-0000
Land Assessment
$98,756 CAD
Improvements Assessment
$768,450 CAD
Total Assessment
$867,206 CAD
  • Listing ID: 33226479

  • Date on Market: 2024-09-18

  • Last Updated:

  • Address: 2210 W 95th St, Chicago, IL 60643

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