Advanced Care Medical
Advance Care’s mission and business strategy is to provide better, more consistent, comprehensive care solutions by vertically integrating urgent care facilities with ancillary services and new technologies. The intended outcome is to provide a broader continuum of patient care at a lower cost and generate significantly higher operating margins.
- Tenant: Advance Care Medical
- Location: 330 Townline Road, Mundelein, IL 60080
- Property Type: Freestanding, Medical
- Building Size: 3,533 Square Feet
- Purchase Price: $5,692,036.17
- Cap Rate: 6.00%
Mundelein offers outstanding village services and educational opportunities, a strong industrial base and great housing values. Given its excellent location and access, substantial property investments and flourishing downtown, Mundelein has all the attributes that make it an ideal place for redevelopment and growth.
About Tenant In Common
Tenant in common or TIC ownership allows two or more people to hold an ownership interest in a property. Each property owner or business
entity holds its own separate stake in the property and receives a deed.Their interests do not have to be equal.
This Millcreek Commercial property has the following characteristics:
- Property is offered debt-free
- Long-term, corporate-guaranteed lease
- Satisfies IRS requirements for 1031 exchanges
Office | 801.899.1943
- Lease Guarantor: Healthcare Solutions Holdings Inc.
- Initial Lease Term: 20 Years
- Rent Increases: 2% increases every year
- Renewal Options: Two 5-year Extensions