Northwestern Medicine Center_Property for Sale
Northwestern Medicine Center_Property for Sale

Northwestern Medicine Center

277-293 Roosevelt Road, Glen Ellyn, IL, 60137, US

Description

JLL has been retained on an exclusive basis to offer qualified investors the opportunity to acquire Northwestern Medicine – Glen Ellyn (the “Property” or “Offering”) – a 31,622 square foot med-tail offering anchored by Northwestern Medicine (S&P: AA+) located off Roosevelt Road in Glen Ellyn, one of Illinois’ most desirable Chicago suburbs.


Northwestern Medicine, Illinois’ top-ranked hospital system, anchors the Property with 10 years remaining on their 12-year lease through December 2035, occupying 66% of the gross leasable area. Their lease features two built-in escalations representing a total 20% increase from current rent, with Northwestern Medicine generating 63% of the Property’s total in-place revenue. At this location, Northwestern Medicine operates a Family Medicine practice with eight physicians. Delivering exceptional credit quality and long-term cash flow stability, Northwestern Medicine serves as an ideal anchor tenant while creating valuable tenant synergies in the medical and wellness space.


The Property is currently 96% leased, allowing investors the ability to immediately increase NOI through leasing.

...

Attributes

Year 1 NOI
+/-$610,000
Property Size
31,622 SF
WALT
9 years
Parking spaces
152
Occupancy
96%
Year built
2014
Tenants
7

Media

Investment Highlights

  1. ANCHORED BY INVESTMENT GRADE TENANT ACCOUNTING FOR 63% OF REVENUE
  2. RARE “MEDTAIL” INVESTMENT OPPORTUNITY (74% MEDICAL TENANCY)
  3. OUTSTANDING SURROUNDING CONSUMER DEMOGRAPHICS ($164K 3-MILE AHHI)
  4. EXCELLENT VISIBILITY AND ACCESS ON MAIN RETAIL CORRIDOR (ROOSEVELT ROAD - 38K VPD)


Northwestern Medicine Center 4_Property for Sale
Northwestern Medicine Center 4_Property for Sale

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Northwestern Medicine Center (0 Properties)

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Last updated
11 Sep 2025