WellNow - St. Charles, IL

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.