Advance Care Medical
NAPERVILLE, IL
Advance Care Medical’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.
Property Information
- Tenant: Advance Care Medical
- Location: 2975 Showplace Dr., Naperville, IL 60564
- Property Type: Freestanding, Medical
- Building Size: 3,500 Square Feet
- Purchase Price: $5,091,186.88
- Cap Rate: 6.00%
Naperville, IL
Naperville Crossings is situated at the Northwest Corner of Route 59
and 95th Street in the heart of South Naperville’s retail corridor. Lot sits
as an outparcel to AMC Showplace 16 which boasts over 750,000
visitors per year. Tapestry of Naperville, a 300-unit residential project,
is adjacent to center. There is ample parking available and multiple
points of access via Route 59 or 95th Street.
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 Information
- Lease Guarantor: Healthcare Solutions Management Group
- Initial Lease Term: 20 Years
- Rent Increases: 2% increases every year
- Renewal Options: Two 5-year Extensions
- 20 Yr. Avg. Return: 7.25%
