Advance Care Medical | Romeoville, IL

Property Information

Tenant:  Advance Care Medical

Location: NWC Weber & Renwick Rd., Romeoville, IL

Property Type:  Freestanding, Medical, Hospital

Building Size: 3,500 Square Feet

Purchase Price: $4,734,470

Cap Rate:  6.25%

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.

Romeoville, IL

Romeoville is a suburb of Chicago and home to over 600 businesses. In 2013, Romeville won a Gold Medal from the International Economic Development Council and Atlas Integrated in the High Performance Economic Development category. Romeoville’s estimated median household income in 2017 was $74,311.

About Tenants-In-Common

Tenants-in-Common or TIC ownership allows multiple buyers to purchase an undivided percentage of a single piece of property. Each buyer receives his own deed to the property and benefits from all of the income, tax shelters and appreciation it provides. This Millcreek Commercial property has the following characteristics:

  • Property is offered debt-free
  • Long-term, corporate-guaranteed lease
  • Satisfies IRS requirements for 1031 exchanges
Millcreek Commercial pleasant grove office building

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 options

20 Yr. Avg. Return:  7.59%

Property Overview
Advance Care Medical prop overview thumb
Offering Memorandum
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