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Views: 41 DOM: 50 Updated: 11.11.24 Posted: 09.25.24 Status: Active

Summary

Price $1,146,352
Built/Renov 2002
Tenant Hanger Clinic
Cap Rate 8.50%
Lease Type Modified Gross
Guarantor Corporate
Size/SF 8,000
Lease Start 11-29-2011
#Units 925
Price/SF $143.29
Expiration 05-30-2026
Tenant Type Medical/Health
NOI $97,440
R. Term 1.6
Ownership Fee Simple
Rent/SF $12.18
Increases 0.0%/0/yrs
Pop 5Mi 122,769
Lot/AC 1.16
Options 1/3yrs
AHHI 5Mi $66,838

Lease Highlights

  • Hanger Clinic has been operating in this location since 2011
  • The tenant has 1+ years remaining on the current lease term with 1 (3-year) option to extend
  • Passive lease structure | Tenant reimburses expenses monthly outside of structural components
  • Corporate guaranteed lease

Location Description

Hanger Clinic is strategically located on W Romeo B. Garrett Avenue, less than a mile from the Order of Saint Francis Medical Center, one of the largest healthcare facilities in the state. The property is also conveniently situated less than half a mile from Interstate 74 (I-74), a significant thoroughfare that runs through the center of Peoria. The immediate area features prominent national...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Hanger Clinic
  • Guarantor:Corporate
  • Company:Hanger, Inc.
  • # Units:925
  • Stock:Private

About Tenant

Hanger Clinic is one of the nation's leading orthotic and prosthetic care providers, offering patients custom-designed solutions that enhance mobility and quality of life. With over 900...


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Listing Broker

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