Medical Center Net
For Sale
Contact for pricing
Pending
1425 East Main Street, Carbondale, IL 62901
Fee-simple sale of a Fresenius Kidney Care medical facility on a multi-acre site with a net lease in place.
Property Size16,773 SF
Lot Size3.88 Acres
Days on Market161
Property Features for 1425 East Main Street
General Information
Standard status
Pending
Size
16,773 SF
Lot size
3.88 Acres
Property subtype
Office
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$328,716
Site & Location
Traffic Count
28,500 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Renovated
2013
Tenancy
Single
Listing Agency:
CBRE - Saddle Brook
Listed By:
Karly Iacono · License #NY 10401274993
Source:
Crexi
Added: Mar 30
Changed: Aug 14
Last Checked: Jul 24 at 4:09PM
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 CBRE - Saddle Brook
Investment Insights
Based on property information with market context.
CBRE is pleased to offer fee simple interest in the Fresenius Kidney Care medical facility. The property comprises 16,773 square feet on 3.88 acres and is subject to a net lease with approximately 12.8 years of firm term remaining. The tenant also has three five-year options, and the lease includes 1.7% annual rent increases throughout the primary term and options.
The property is located in Carbondale’s primary commercial corridor, with reported strong daily traffic counts of 28,500 vehicles per day. The surrounding area includes established retail, medical, and service-oriented uses, with prominent national retailers nearby. The site is also approximately 2.5 miles from SIH Memorial Hospital of Carbondale, a 152-bed Level II trauma center.
Carbondale serves as a regional center in Southern Illinois, supported by education, healthcare, retail, and agriculture. Accessibility is supported by U.S. Route 51 and Illinois Route 13, and Amtrak service provides direct rail access to Chicago and New Orleans.
The property is located in Carbondale’s primary commercial corridor, with reported strong daily traffic counts of 28,500 vehicles per day. The surrounding area includes established retail, medical, and service-oriented uses, with prominent national retailers nearby. The site is also approximately 2.5 miles from SIH Memorial Hospital of Carbondale, a 152-bed Level II trauma center.
Carbondale serves as a regional center in Southern Illinois, supported by education, healthcare, retail, and agriculture. Accessibility is supported by U.S. Route 51 and Illinois Route 13, and Amtrak service provides direct rail access to Chicago and New Orleans.
Key Highlights
- 16,773 SF Fresenius Kidney Care facility on 3.88 acres in Carbondale, IL
- Fee‑simple interest available; property is subject to a net lease
- Lease has approximately ±2.8 years of firm term remaining and three five‑year options
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$239,116
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,782,320
$4.8M
Cap Rate 7%
$3,415,943
$3.4M
Cap Rate 9%
$2,656,844
$2.7M
Market Conditions
NOI Build-Up for 16,773 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$452.9K $27.00/SF
− Vacancy
−$54.3K −$3.24/SF
EGI
$398.5K $23.76/SF
− OpEx
−$159.4K −$9.50/SF
NOI
$239.1K $14.26/SF
Area
Jackson County, IL
Vacancy
12.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,782,320
Cap Rate 7%
$3,415,943
Cap Rate 9%
$2,656,844
Alternative Uses
Best Use
Healthcare Medical
$3.42M
$2.99M – $3.99M
NOI $239,116 @ 7.0% cap · market cap 5.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.57M
$4.00M – $5.33M
NOI $320,029 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
28,500 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
Explore this area
Business Placement
Demographics for 62901, IL
22,967
Population
12,498
Households
1.8
Avg Household Size
29
Median Age
48%
College-Educated
95%
High-School Grad
27.1 sq mi
ZIP Area
847
Density / Sq Mi
$32,960
Median Household Income
$23,962
Median Earnings
$732
Median Rent
$137,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - Fee-simple sale of a Fresenius Kidney Care medical facility on a multi-acre site with a net lease in place.
Where is this medical center located?
The property is located at 1425 East Main Street Carbondale, IL.
What is the asking price?
The asking price for this property is $4,629,800.
What are key features of this property?
This property features: 16,773 SF Fresenius Kidney Care facility on 3.88 acres in Carbondale, IL; Fee‑simple interest available; property is subject to a net lease; Lease has approximately ±2.8 years of firm term remaining and three five‑year options
