Dental Care of Minooka | 515 US Highway 6
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Dental Care of Minooka 515 US Highway 6
4,947 SF Office Building Minooka, IL 60447 £1,943,837 (£393/SF) 6.50% Net Initial Yield
Investment Highlights
- The tenant is responsible for all Taxes, CAM, and insurance, providing minimal landlord ownership responsibilities.
- Minooka is ideally positioned in between I-80 and I-55 which can take locals and commuting residents throughout the entire Chicagoland area.
- The lease calls for rental increases of 10% every five years including the option periods.
- Additional national retailers in the area include AutoZone, Walgreens, Culver’s, Giordanos, and Starbucks.
Executive Summary
Initial 10 year lease with Heartland Dental, the largest DSO organization in the U.S., with more than 1,800 dental offices in 38 states. 2022 revenue was $1.2bn.
Minooka is located in Chicago’s southwest suburbs and has an affluent customer base, with an average household income of $133,800 within 3 miles of the site.
The site is a pad to Jewel-Osco, the dominant grocer in the market, providing superior visibility and access compared to other dentists in the submarket.
Minooka is located in Chicago’s southwest suburbs and has an affluent customer base, with an average household income of $133,800 within 3 miles of the site.
The site is a pad to Jewel-Osco, the dominant grocer in the market, providing superior visibility and access compared to other dentists in the submarket.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
4,947 SF
Building Class
C
Year Built
2015
Price
£1,943,837
Price Per SF
£393
Net Initial Yield
6.50%
NOI
£126,349
Tenancy
Single
Number of Floors
1
Typical Floor Size
4,947 SF
Building FAR
0.09
Lot Size
1.22 AC
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PROPERTY TAXES
| Parcel Number | 03-14-476-006 | Improvements Assessment | £186,884 |
| Land Assessment | £17,115 | Total Assessment | £203,999 |
PROPERTY TAXES
Parcel Number
03-14-476-006
Land Assessment
£17,115
Improvements Assessment
£186,884
Total Assessment
£203,999
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Dental Care of Minooka | 515 US Highway 6
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