NEURAGENEX

ROMEOVILLE, il

Neuragenex stands as the nation’s most rapidly growing healthcare brand and platform, poised to expand from its current 15 operating locations to an impressive 56 within the next year. Founded by medical professionals, Neuragenex Treatment Centers was established to provide patients with access to pain relief without surgery, drugs or invasive treatments through high pulse external electrical stimulation and specialized hydration therapy.

Property Information

  • Tenant: Neuragenex
  • Location: 780 South Weber Road, Romeoville, IL 60446
  • Property Type: Freestanding, Medical
  • Building Size: 3,500 sq. ft
  • Purchase Price: $6,587,795
  • Cap Rate: 6.50%

 

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Lease Information

  • Lease Guarantor: Personal; President, Founder, CEO
  • Initial Lease Term: 20 years
  • Rent Increases: 2% increases every year
  • Renewal Options: Three 5-year options

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 2021 was $88,205.

 

 

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 NNN lease
  • Satisfies IRS requirements for 1031 exchanges

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Office | 385.248.0613