6101 W 95th St - Freestanding FOR SALE


Oak Lawn, IL 60453
$2,942,430 USD
630-570-2238
6101 W 95th St, Oak Lawn, IL for Sale
$2,942,430 USD
Freestanding - FOR SALE
1/8
null | 8.6% Cap Rate

6101 W 95th St
Oak Lawn, IL 60453


HIGHLIGHTS

  • NNN Leased JenCare Senior Medical Center in a Dense Chicago Suburb
  • JenCare has been Operating at this Location for Over 10 Years | NNN Lease with 3% Annual Increases
  • Displayed Commitment to Site by Executing a 7-Year Renewal Option in 2020 | Furthered Their Commitment by the Installation of New Fiber Optic System a
  • JenCare was Formed Through a Strategic Joint Venture Between ChenMed and Humana
  • Situated Along Oak Lawn’s Busiest Corridor | Surrounded by Attractive Demographics with a Large Population and Workforce
  • Near Two Major Hospitals | 1,086 Beds Combined

OVERVIEW

Marcus & Millichap is pleased to exclusively offer JenCare Senior Medical Center, located in a dense Chicago suburb, which operates under a NNN lease with 3% annual increases. JenCare has been at this location for over a decade, reaffirming its commitment by renewing the lease for seven more years in 2020, with three years currently remaining. Furthering its investment, the company spent over $50,000 in 2024 to install a new fiber optic system and improve the parking lot through resurfacing and striping. JenCare is a rapidly growing senior primary care provider formed through a joint venture between ChenMed and Humana. With 33 locations across five states, it is part of ChenMed's broader network, which has grown steadily over the past decade, increasing membership by 37.06% annually from 2010 to 2022. ChenMed operates over 130+ locations in 15 states and in 2022/2023 37 new clinics that year opened. The property is situated near two major hospitals with a combined total of 1,086 beds. Advocate Christ Medical Center, located just 2.5 miles away, is a premier teaching institution with over 1,500 affiliated physicians and 105,000 patient visits annually. It is one of the busiest Level I trauma centers in Illinois. OSF Little Company of Mary Medical Center, located 4.4 miles from the site, offers 298 beds and handles 11,600 inpatient visits, 253,000 outpatient visits, and nearly 50,000 emergency department patients annually. The JenCare facility is positioned along Oak Lawn’s busiest corridor, 95th Street, a major thoroughfare that sees 33,325 vehicles per day. The area is home to major shopping centers, including the Chicago Ridge Mall, which attracted seven million visitors over the past year. Additionally, the property is located just two miles from the Interstate 294 interchange, which has a traffic count of 181,700 vehicles per day. The medical center is surrounded by several assisted living facilities, including Oak Lawn Respiratory & Rehabilitation Center (143 beds), Aperion Care Oak Lawn (134 beds), and ALIYA of Oak Lawn (191 beds), all within half a mile. The area boasts attractive demographics, with 156,115 residents living within three miles and 348,248 people working within a five-mile radius.

FOR SALE DETAILS

PRICE

$2,942,430 USD

PRICE/SF

$272 USD /SF

CAP RATE

8.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

JenCare Senior Medical Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,265 SF

ZONING

-

APN/PARCEL ID

24-08-105-005-0000,24-08-105-006-0000,24-08-105-007-0000,24-08-105-008-0000,24-08-105-009-0000,24-08-105-010-0000

ASK ABOUT THIS PROPERTY

Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2238

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Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2238

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