WellNow - St. Charles, IL_Property for Sale
WellNow - St. Charles, IL_Property for Sale
2600 E Main St, St. Charles, IL, 60174, US

WellNow - St. Charles, IL

Asset description

Jones Lang Lasalle Americas, Inc. (“JLL”) is pleased to offer for sale the fee-simple interest in a new-construction WellNow (the “Property” or “Asset”) located in St. Charles, IL. WellNow (the “Tenant”) is the one of the fastest-growing urgent care providers in the nation, with 180+ stores, and is accredited by the Urgent Care Association, a designation earned by just 10% of urgent care facilities.


The Property was purpose-built for WellNow, featuring a 15-year NNN lease which expected to commence upon completion of construction  in April 2024.


The Property sits on East Main Street, a major commercial thoroughfare that sees over 31,100 vehicles per day. The Property is an outlot to Foxfield Commons Shopping Center, which features national retails such as BMO Bank, Cyclebar, and Avis Car Rental. The Property is also proximate to a Walmart Supercenter, the Charlestowne Mall, St. Charles East High School (2,443 students enrolled), DuPage Regional Airport, and two multi-family developments: Springs at St. Charles and Charlestowne Lakes. The Springs at St. Charles is a 27-acre development that will include 320 multi-family units across 16 garden-style buildings, while the Charlestowne Lakes is a 28-acre development that will include 167 townhomes and duplexes.


The Offering provides investors with the opportunity to acquire over 15 years of passive cash flow from a top medical retail tenant with inflation-hedging rental escalations every 5 years during the primary lease term and throughout the two, 5-year options.

...

Attributes

Asking price
€3,091,000
Cap rate
6%
NOI
€186,000
Building area net
909 sm
WAULT
15 years
Occupancy
100%
Year built
1979
Land area gross
5,787.02 sm

Media

Investment highlights

  • Brand New Construction, 15-Yr NNN Lease wtih 10% increases every 5-years
  • WellNow is one of the Top 10 Urgent Care providers in the U.S. Generating Revenues of $50M
  • Located in Dense Retail Corridor with Strong National Retailers
  • Over 106,000 Residents within a 5-mi Radius
  • AHHI of over $179K within a 1-mi radius
  • The asset is exposed to over 36,500 vehicles per day
  • Located in the Fox Valley region, just 35-miles west of Chicago
WellNow - St. Charles, IL 4_Property for Sale

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WellNow - St. Charles, IL (0 Properties)

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Last updated
Mar 7, 2024