Medical Center with Absolute NNN
For Sale
Contact for pricing
11475 N 2nd St, Machesney Park, IL 61115
Urgent care and occupational health operations occupy the property under an absolute triple-net lease.
Property SizeContact for details
Days on Market143
Property Features for 11475 N 2nd St
General Information
Standard status
Active
Property subtype
Office
Building Details
Tenancy
Single
Listing Agency:
Northmarq - Tulsa
(918) 494-2690
Listed By:
Toby Scrivner · License #TX #452773
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 29 at 6:25PM
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 Northmarq - Tulsa
Investment Insights
Based on property information with market context.
This medical center is occupied by Physicians Immediate Care, LLC and supports urgent care and occupational health services. Operations are conducted through a joint venture involving the tenant and OSF HealthCare, an Illinois healthcare system with 13 hospitals and 1,300 physicians.
The property is subject to an absolute triple-net lease, with 4.3 years remaining in the initial term. The agreement includes three renewal options of 10 years each, along with 2.50% annual rent escalations during the initial term and renewal periods. The lease structure places landlord maintenance obligations with the tenant.
The property is subject to an absolute triple-net lease, with 4.3 years remaining in the initial term. The agreement includes three renewal options of 10 years each, along with 2.50% annual rent escalations during the initial term and renewal periods. The lease structure places landlord maintenance obligations with the tenant.
Key Highlights
- Absolute triple‑net lease with no landlord maintenance obligations
- 4.3 years remaining on the initial lease term
- Three additional 10‑year renewal options
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
369
Businesses Nearby
Explore this area
Business Placement
Demographics for 61115, IL
22,599
Population
8,983
Households
2.5
Avg Household Size
41
Median Age
18%
College-Educated
91%
High-School Grad
10.6 sq mi
ZIP Area
2,132
Density / Sq Mi
$73,771
Median Household Income
$44,141
Median Earnings
$1,111
Median Rent
$160,700
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - Urgent care and occupational health operations occupy the property under an absolute triple-net lease.
Where is this medical center located?
The property is located at 11475 N 2nd St Machesney Park, IL.
What are key features of this property?
This property features: Absolute triple‑net lease with no landlord maintenance obligations; 4.3 years remaining on the initial lease term; Three additional 10‑year renewal options
