Advocate Medical Group Outpatient Center

5540 Touhy Avenue, Skokie, IL
Deal Type:
Net Lease
Price:
$3,601,920
Cap Rate:
6.25%
Current Rent:
$225,120
Lease Type:
DoubleNet
Lease Term:
10 years
Landlord Responsibilities:
Roof, Structure & HVAC
Lease Expiration Date:
Approx. 6.75 years
Renewal Options:
Two, 5-year
Building Sq. Ft.:
5,439 SF
Rent Increases:
2.00% Annual
Site Size:
.5 Acres
  • advocate health stream capital partners
  • advocate health stream capital partners
  • advocate health stream capital partners
  • advocate health stream capital partners
  • advocate health stream capital partners

Investment Highlights

  • Less than 1 mile from I-94, which has exposure to 159,900 VPD and leads directly to downtown Chicago.
  • Touhy Ave. (40,965 VPD) is a highly trafficked retail corridor anchored by Walmart, Costco, Target, Jewel-Osco, Aldi, Chick-fil-A, Panera, Starbucks, and more.
  • The property is located adjacent to a 6.2-acre development site which will include 500 multi-family apartments and retail.
  • 6.75+ years remaining with rent increases of 2% per year.
  • Investment grade credit rating of AA (S&P).
  • Affluent Chicago MSA location with average household incomes of $158,000 within 1 mile.
  • Recent 2017 construction with a 15-year roof warranty in place.
  • Advocate Aurora is one of the top 12 not-for-profit health systems in the US and a leader in IL & WI, with more than 5,000 physicians.

Listing Agents

Daniel Macks

Managing Director
847 420 2116
Dmacks@stream-cp.com

Graham Gold

Vice President
314 324 8792
Graham@stream-cp.com

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