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24020 W Riverwalk Ct
1,950 SF Medical Condo Unit Offered at $1,717,000 in Plainfield, IL 60544
INVESTMENT HIGHLIGHTS
- 20+ Years of Initial Term Length Remaining
- Strong national DSO with 100+ locations
- 13% Base rent increasing every 5 years
- NNN Investment
- 20 Years of initial lease term
- 10 Year renewal option
PROPERTY FACTS
| Price | $1,717,000 | Building Class | B |
| Unit Size | 1,950 SF | Floors | 1 |
| No. Units | 1 | Typical Floor Size | 15,467 SF |
| Total Building Size | 15,467 SF | Year Built | 2006 |
| Property Type | Office (Condo) | Lot Size | 1.98 AC |
| Property Subtype | Medical | Parking Ratio | 6.72/1,000 SF |
| Sale Type | Investment NNN |
| Price | $1,717,000 |
| Unit Size | 1,950 SF |
| No. Units | 1 |
| Total Building Size | 15,467 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Sale Type | Investment NNN |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 15,467 SF |
| Year Built | 2006 |
| Lot Size | 1.98 AC |
| Parking Ratio | 6.72/1,000 SF |
1 UNIT AVAILABLE
Unit 112
| Unit Size | 1,950 SF | Sale Type | Investment |
| Price | $1,717,000 | Cap Rate | 6.95% |
| Price Per SF | $880.51 | NOI | $119,400 |
| Condo Use | Medical | APN/Parcel ID | 06-03-09-201-012-1012 |
| Unit Size | 1,950 SF |
| Price | $1,717,000 |
| Price Per SF | $880.51 |
| Condo Use | Medical |
| Sale Type | Investment |
| Cap Rate | 6.95% |
| NOI | $119,400 |
| APN/Parcel ID | 06-03-09-201-012-1012 |
DESCRIPTION
Fully Built Out and Operational Oral Surgery Office
SALE NOTES
NNN Leased Dental Condo for Sale in Plainfield! This space is currently occupied by Smile Partners USA, a strong DSO with 100+ locations across Alabama, Colorado, Georgia, Illinois, and Michigan. The Smile Partners USA (“SPUSA”) is an affiliated community of like minded practices that, while independently different, share common visions and values built on unrivaled quality, reputation, longevity, and care. SPUSA, otherwise known as the “Smile Alliance Network,” or “SAN” to its networked partner practices, allows each supported practice to “plug into” a set of shared services and “pull” from a set of ideas and practices used by other standard bearers within the field of dentistry, all within a collegial environment.
This opportunity boasts 20+ years of remaining INITIAL LEASE TERM with 8.7% base rent increases every 5 years, along with a 10-Year renewal option with the same base rent increase structure.
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AMENITIES
- Signage
- Air Conditioning
ZONING
| Zoning Code | I-1 |
| I-1 |
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24020 W Riverwalk Ct
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