Advance Care Medical

ROMEOVILLE, 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: 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%

Romeoville, IL

 

Romeoville is a suburb of Chicago and home to over 600 businesses. In 2013, Romeoville 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 Extensions
  • 20 Yr. Avg. Return:  7.59%