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 system is in a robust financial position, reporting total patient revenue of $892 million and an Adjusted EBITDA of $221 million in FY2024.

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.