Physicians Immediate Care & Action Behavior Centers

9570 W 159th St, Orland Park, IL
Deal Type:
Net Lease
Price:
$5,582,000
Cap Rate:
7.25%
Current Rent:
$404,672
Landlord Responsibilities:
Repair and replacement of roof, structure, and foundation
Renewal Options:
See OM
Building Sq. Ft.:
14,923 SF
Rent Increases:
See OM
Site Size:
1.53 Acres

Investment Highlights

  • Premier Market Positioning: The property is ideally positioned in the middle of Costco, Walmart, Target, Lowe’s, and Jewel-Osco, all of which are within two blocks of the site.
  • Hard Corner Real Estate: The property is situated at the signalized intersection of W 159th St & S La Grange Rd which has a combined traffic count of 76,000 VPD.
  • Established Retail Trade Area: Orland Park is one of the most sought-after retail submarkets in the Chicago MSA with over 11 million square feet of retail space, anchored by the 1.2mm SF Orland Square Mall. Other nearby nationals include Whole Foods, Trader Joe’s, Apple, Bank of America, Panera, and others.
  • Long Term Tenancy: Physicians Immediate has occupied the space since 2009 and recently signed a 7 year extension with 4, 5-yr extensions, showing their long term commitment to the location.
  • NNN Lease Structures: The tenants reimburse for 100% of operating expenses with generous CAM caps and also pay management fees.
  • Affluent Chicago MSA Submarket: The site has an average household income of $127,000 within a 3 mile radius.

Listing Agents

Graham Gold

Vice President
314 324 8792
[email protected]
Danny Karbowski Stream Capital Partners

Danny Karbowski

Associate
630 842 1127
[email protected]

Jordan Shtulman

Managing Principal
847 226 4133
[email protected]

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