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Views: 74 DOM: 112 Updated: 08.01.24 Posted: 08.01.24 Status: Active

Summary

Price $3,021,231
Built/Renov 2014
Tenant aQua Dialysis
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor
Size/SF 8,000
Lease Start 04-04-2024
#Units 8
Price/SF $377.65
Expiration 03-31-2039
Tenant Type Medical/Health
NOI $196,380
R. Term 14.4
Ownership Fee Simple
Rent/SF $24.55
Increases 3.0%/1/yrs
Pop 5Mi 49,363
Lot/AC 1.14
Options 2/10yrs/3%
AHHI 5Mi $70,368

Lease Highlights

  • aQua Dialysis has 14+ years remaining on the current lease term with 2 (10-year) options to extend
  • The lease features 3% annual rental escalations throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Personal guarantee | Inquire with Broker for details

Location Description

aQua Dialysis is strategically located on W Frank Avenue, with access to 17,111 vehicles passing by daily. The property is positioned less than ½ mile between two major healthcare facilities: St. Luke’s Health - Memorial Hospital and Woodlawn Heights Medical Center. Additionally, it is just east of the Interstate 297 interchange, a main east/west thoroughfare, and is in proximity to well-known...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

aQua Dialysis is a regional provider of high-quality patient care for individuals requiring in-center hemodialysis and home dialysis. Their focus is on delivering excellent service and outcomes...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 3,588 29,275 48,726
2024 Total Population : 3,679 29,786 49,115
2024 Employed Civilian Pop : 1,418 12,680 21,728
2024 Total Businesses : 401 1,977 2,595
2024 Average Household Income : $ 69,200 $ 78,181 $ 84,627
2024 Total Consumer Spending : $ 82 M $ 804 M $ 1429 M
2024 Median Age : 37 37 38
2024 Total Households : 1,338 11,528 18,986
2024 Pop Age 25+: Bachelor's Degree : 256 2,566 4,647
2024 Average Home Value : $ 191,702 $ 216,019 $ 243,847
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
W Frank Ave Webber St 2002 18,000 0.21 mi
West Frank Avenue Webber St 2022 14,236 0.33 mi
Ss 72 N 2022 9,363 0.52 mi
South John Redditt Drive Palmore Rd 2019 27,103 0.53 mi
South John Redditt Drive Palmore Rd 2022 13,785 0.53 mi
Palmore Rd 2021 7,828 0.54 mi
Palmore Rd 2022 8,244 0.54 mi
Centralia Ave 2021 9,946 0.57 mi
Centralia Ave 2022 10,285 0.57 mi
Largent Street Sl 287 S 2022 2,298 0.57 mi

Listing Broker

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