Northwestern Medicine - 4732 N. Lincoln, Chicago IL_Property for Sale
Northwestern Medicine - 4732 N. Lincoln, Chicago IL_Property for Sale
4732 N. Lincoln Avenue, Chicago, IL, 60625, US

Northwestern Medicine - 4732 N. Lincoln, Chicago IL

Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present the opportunity to acquire the fee simple interest in a two-property medical office portfolio located in Acton and Littleton, Massachusetts (the “Portfolio”). The Portfolio consists of a 27,922 SF facility in Acton and a 3,842 SF facility in Littleton, both situated within the I-495 Technology Corridor (120,000 VPD). Each property is 100% leased to the Tenant on a NNN basis with 4.9 years remaining. The Leases feature approximately 3.00% annual rent increases and two, 5-year renewal options with minimal ongoing landlord responsibilities, limited to the building structure.


The leases are executed by a leading physician-led practice in Massachusetts. The Portfolio’s properties focus on primary care delivery, with the Acton facility offering expanded services that include diagnostic capabilities and behavioral health. The Tenant is backed by a Fortune 10, national health system who acquired them in the last five years.


Both properties are strategically located within Boston's affluent MetroWest suburbs, a major economic engine driven by the technology, life sciences, and healthcare industries. The submarkets of Acton and Littleton boast exceptional demographics, with average household incomes exceeding $197,000 and $183,000 within a 1-mile radius, respectively. Located adjacent to the Littleton Office is King Street, a 50-acre site set to develop 2.3M SF that includes 1,089 residential units, 90,000 SF of R&D lab space, 150 room hotel, and 115,000 SF of retail and restaurant space.


This opportunity provides an investor with the ability to acquire two mission-critical medical office assets leased to a market-leading provider with backing from an elite, investment-grade credit backed tenant, located within one of the most stable and affluent suburban markets in the U.S.


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Attributes

Asking price
¥1,521,807,000
Cap rate
5.75%
WAULT
10.4 years
Occupancy
100%

Media

Investment highlights

  1. 10.4-year NN lease with 1.50% annual rent escalations and four 5-year renewal options
  2. AA+ credit-rated tenant (S&P) with $10.6 billion in annual operating revenue (FY2025) and over $3 billion in liquidity
  3. Northwestern Medicine operates 11 hospitals, 200+ care locations, and 4,300+ licensed beds serving 4.5 million patients annually
  4. Multi-specialty medical facility providing comprehensive dermatology, primary care, and immediate care services in a fully renovated 2021 building
  5. Prime infill Chicago location in Lincoln Square's thriving commercial corridor along Lincoln Avenue, one of the city's most desirable North Side neighborhoods
  6. Exceptional transit connectivity with proximity to CTA Western station (338 million total annual CTA ridership) in a highly walkable community
  7. High-visibility corner location with 65,000 vehicles per day at intersection and consistent neighborhood traffic flows
  8. Strong demographics: 1,079,820 population within 5 miles with $121,817 average household income, serving affluent, health-conscious neighborhoods
Northwestern Medicine - 4732 N. Lincoln, Chicago IL 4_Property for Sale
Northwestern Medicine - 4732 N. Lincoln, Chicago IL 4_Property for Sale

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Northwestern Medicine - 4732 N. Lincoln, Chicago IL (0 Properties)

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Last updated
Jul 22, 2026