Net-Leased Medical Office
For Sale
Contact for pricing
1021 Court Street, Pekin, IL 61554
11,404-square-foot medical office building is 100% occupied by two dialysis and kidney care tenants.
Property Size11,404 SF
Days on Market121
Property Features for 1021 Court Street
General Information
Standard status
Active
Size
11,404 SF
Property subtype
Retail, Office, Special Purpose
Occupancy
100%
Additional Details
Cap Rate
7%
Building Details
Tenancy
Multi
Listing Agency:
Peranich Huffman Net Lease Group
Listed By:
Jonathan Peranich · License #9005448
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 20 at 5:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Peranich Huffman Net Lease Group
Investment Insights
Based on property information with market context.
Offered for sale is a 100% occupied, 11,404-square-foot medical office building leased to two complimentary tenants: DaVita Dialysis and The Kidney & Hypertension Center of Illinois (“KHCI”). DaVita’s lease includes approximately 9.4 years remaining in the initial primary lease term, with scheduled 10% rental rate escalations every five years.
Both leases are structured on a net basis, with the landlord responsible only for repair and replacement of the roof and exterior components. The tenants are responsible for their pro-rata share of utilities, property taxes, insurance, and common area maintenance expenses.
The property is located on a shared zero-lot line with a Schnuck’s Grocery & Supermarket, and UnityPoint Hospital is less than half a mile away. The tenant mix is further supported by nearby major retailers including McDonald’s, CVS Pharmacy, AutoZone, and Dollar General.
Both leases are structured on a net basis, with the landlord responsible only for repair and replacement of the roof and exterior components. The tenants are responsible for their pro-rata share of utilities, property taxes, insurance, and common area maintenance expenses.
The property is located on a shared zero-lot line with a Schnuck’s Grocery & Supermarket, and UnityPoint Hospital is less than half a mile away. The tenant mix is further supported by nearby major retailers including McDonald’s, CVS Pharmacy, AutoZone, and Dollar General.
Key Highlights
- 11,404 SF medical office building at 1021 Court Street, Pekin, IL, 100% occupied by DaVita Dialysis and KHCI.
- DaVita lease: approximately 9.4 years remaining on the initial primary lease term at $9.90/SF annual rental rate.
- DaVita lease includes 10% rental escalations every 5 years; next increase scheduled for July 2023.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
372
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 61554, IL
40,854
Population
18,788
Households
2.2
Avg Household Size
42
Median Age
20%
College-Educated
90%
High-School Grad
73.8 sq mi
ZIP Area
554
Density / Sq Mi
$62,484
Median Household Income
$41,718
Median Earnings
$814
Median Rent
$123,500
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Pekin Animal Hospital — 221 Margaret St, Pekin, IL 61554
- Carl Johnson, D.V.M. — 221 Margaret St, Pekin, IL 61554
- Chesher Nicole L DVM — 221 Margaret St # 3, Pekin, IL 61554, United States
- Animal Spirit Network — Pekin, IL 61555
Frequently Asked Questions
What type of property is this?
Medical Office Space - 11,404-square-foot medical office building is 100% occupied by two dialysis and kidney care tenants.
Where is this medical office space located?
The property is located at 1021 Court Street Pekin, IL.
What are key features of this property?
This property features: 11,404 SF medical office building at 1021 Court Street, Pekin, IL, 100% occupied by DaVita Dialysis and KHCI.; DaVita lease: approximately 9.4 years remaining on the initial primary lease term at $9.90/SF annual rental rate.; DaVita lease includes 10% rental escalations every 5 years; next increase scheduled for July 2023.
