29 N Northwest Hwy - Health Care FOR SALE
Palatine, IL 60067 |
$3,274,016 USD
203-887-8797
29 N Northwest Hwy
Palatine, IL 60067
HIGHLIGHTS
- Long Term Lease with Over 11 Years Remaining | Physicians Immediate Care is operating under a long-term 15-year lease, with over 11 years remaining
- Absolute Triple Net Lease with No Landlord Responsibilities | Physicians Immediate Care is under an absolute NNN lease
- Attractive 10% Rental Increases Every 5 Years | The subject property is subject to 10% rental increases throughout the 15-year base term
OVERVIEW
Surmount is pleased to present the exclusive listing for a Physicians Immediate Care located at 29 North Northwest Highway, Palatine, IL 60067. The site consists of roughly 4,200 rentable square feet of building space on an estimated 0.73-acre parcel of land. This Physicians Immediate Care is subject to a 15-year Triple Net (NNN) lease, which commenced 7/1/2021. The current annual rent is $207,900 and has scheduled increases of 10.00% every 5 years.
FOR SALE DETAILS
PRICE
$3,274,016 USD
PRICE/SF
$818 USD /SF
CAP RATE
6.35%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Physicians Immediate Care
PROPERTY TYPE
Health Care
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
2021
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.73 AC
LAND SF
31,799 SF
ZONING
I1
APN/PARCEL ID
02-14-408-028-0000
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203-887-8797
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203-887-8797
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