Springfield Clinic Peoria Women's Health

JLL is pleased to offer the opportunity to acquire Springfield Clinic Peoria Women's Health, a single-tenant medical facility of 2017 construction located at 2419 W Cornerstone Ct, Peoria, IL (the "Property" or "Asset"). The Asset is leased to Springfield Clinic, LLP (the "Tenant") with 13.0 years of remaining lease term, featuring 2.50% annual rent increases and three, five-year renewal options.

The Property serves as a dedicated women's health center for Springfield Clinic, one of the largest private multispecialty medical clinics in Illinois. Established in 1939, the Tenant employs over 650 physicians and serves a population of approximately one million patients across the central region of the state.

The Asset is strategically located in Peoria, the primary medical hub for Central Illinois. The city's economy is anchored by a strong healthcare sector, including major systems like OSF HealthCare and Carle Health. The area is experiencing significant investment, highlighted by the recently opened $237 million OSF HealthCare Cancer Institute, which reinforces the city’s role as a center for healthcare innovation.

Situated on a large 6.2-acre parcel, the Property benefits from its location within a major retail corridor with direct access via N Allen Road, which sees over 20,000 vehicles per day. The surrounding area features strong demographics, with an average household income of $98,806 within a three-mile radius.

This unique opportunity offers investors the ability to acquire a high-quality healthcare asset with limited landlord responsibilities in a strong medical market. The Asset provides secure, long-term cash flow backed by an established and financially strong tenant in a key regional healthcare hub.