Edward-Elmhurst Health Center

6701 U.S. Highway 34
Oswego, IL 60543

Marketing Materials

Overview

JLL is pleased to offer for sale the leasehold interest in a single-tenant medical office, tenanted by Edward–Elmhurst Healthcare and located in Oswego, IL.\\n\\nSituated within one of Oswego’s primary commercial corridors, the property features proximity to outstanding signalized hard corner accessibility, along with lease conditions including nearly 12 years of lease term, rental escalations and zero landlord responsibilities. The asset’s lease also features zero ground rent responsibilities to the landlord, providing exceptional stability as a net lease leasehold offering. This offering represents the opportunity to purchase an credit leased medical office building within a high-growth Chicago MSA marketplace and possessing a strong regional service-oriented tenant.

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Investment Highlights
• NNN structure with nearly 12 years of remaining term, in-place rent escalations and three, five-year options to renew
• The asset's ground lease extends through 2067 in its primary term and 2097 including its option periods (2 x 15 years).
• High-quality tenant profile with a Fitch ‘A’ investment grade rating and annual revenues of more than $1.35 billion representing a 10% year-over-year increase
• Integral service provider to the community with services such as X-ray, CT scans, ultrasound and immediate care
• Strong socioeconomic market profile with average annual household income of $110,000+
• Immediate market’s population growth is ten times greater than the state of Illinois’ population growth average
General
Property Type Healthcare
Property Address 6701 U.S. Highway 34
Oswego, IL 60543
Market IL-Chicago
Land In Acres 2.41
Building Size 15,530 Square Feet
Primary Use Acute Care Hospital
Year Built 2008
Tenancy Single-Tenant
Financial
Price $5,256,307
Price PSF $338.46
Cap Rate 6.50%
Current NOI $341,660
Lease
Tenant Name Edward Health Ventures
Lease Type NNN
Annual Rent $341,660
Rent Escalations $0.50 PSF Annually
Options 3 x 5 Years
Lease Expiration Date 2/28/2030
Remaining Term 11.6Yrs