816-820 W Bartlett Rd - Medical FOR SALE


Bartlett, IL 60103
$1,715,000 USD
312-513-2328
816-820 W Bartlett Rd, Bartlett, IL for Sale
$1,715,000 USD
Medical - FOR SALE
1/2
null | 7.01% Cap Rate

816-820 W Bartlett Rd
Bartlett, IL 60103


HIGHLIGHTS

  • Fully leased to a leading Chicagoland dermatology group
  • NNN lease structure with minimal landlord obligations
  • Strong income stream with 3% annual rent increases
  • Lease term secured through July 2029 with renewal options
  • Prime suburban location with robust demographics

OVERVIEW

This premier single-tenant net leased investment opportunity is located at 816/820 W. Bartlett Rd in the thriving community of Bartlett, Illinois. The property is fully occupied by Derick Dermatology, a leading provider of medical, surgical, and cosmetic dermatology services with a strong regional presence across Chicagoland. The tenant’s reputation for excellence and expansive network of 18 locations underscores the stability and long-term viability of this investment. The asset offers investors a fee simple interest in a well-maintained condo property under a NNN lease structure, minimizing landlord responsibilities and ensuring predictable cash flow. With a current NOI of $120,245, a 7% cap rate, and built-in 3% annual rent escalations, this property delivers both immediate income and future growth potential. The lease extends through July 31, 2029, with two additional five-year renewal options, providing exceptional security and continuity. Strategically positioned in Bartlett, the property benefits from strong demographics, convenient access to major thoroughfares, and proximity to residential neighborhoods that support consistent patient traffic. This is an ideal acquisition for investors seeking a stable, healthcare-oriented asset in a dynamic suburban market.

FOR SALE DETAILS

PRICE

$1,715,000 USD

PRICE/SF

$74 USD /SF

CAP RATE

7.01%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Westgate Commons

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

500

LAND DETAILS

LAND ACRES

5 AC

LAND SF

217,800 SF

ZONING

PD

APN/PARCEL ID

06-34-109-007-1001

ASK ABOUT THIS PROPERTY

Mark LevySequoia Realty GroupMore Info
312-513-2328

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Mark LevySequoia Realty GroupMore Info
312-513-2328

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