NNN Medical Investment
For Sale
Contact for pricing
Pending
2627 W Cermak Rd, Chicago, IL 60608
Cano Health occupies a medical facility under a long-term NNN lease with extension options and scheduled rent increases.
Property SizeContact for details
Days on Market143
Property Features for 2627 W Cermak Rd
General Information
Standard status
Pending
Property subtype
Office
Listing Agency:
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed By:
Patrick R. Luther, CCIM · License #CA License No. 01912215
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 6:07PM
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 SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This fee-simple land-and-building investment is leased to Cano Health Inc. under a NNN structure. The agreement provides a 10-year initial term, three 5-year extension options, and 10% rental increases every 5 years during the initial term and at the start of each option period. Landlord obligations are limited to the roof and structure, supporting a limited-management ownership profile.
The property is located at 2627 W Cermak Rd in Chicago near the signalized intersection of S. California Ave. and W. Cermak Rd., where combined traffic is 28,700 VPD. The site has significant street frontage and multiple access points. Nearby retailers include Walmart Neighborhood Market, Dollar Tree, Pete’s Fresh Market, and Fairplay Foods. The surrounding 5-mile trade area includes 398,578 residents and 154,564 employees, while North Western Memorial Hospital is among the nearby medical facilities.
The property is located at 2627 W Cermak Rd in Chicago near the signalized intersection of S. California Ave. and W. Cermak Rd., where combined traffic is 28,700 VPD. The site has significant street frontage and multiple access points. Nearby retailers include Walmart Neighborhood Market, Dollar Tree, Pete’s Fresh Market, and Fairplay Foods. The surrounding 5-mile trade area includes 398,578 residents and 154,564 employees, while North Western Memorial Hospital is among the nearby medical facilities.
Key Highlights
- 10‑year initial lease term with three 5‑year extension options
- 10% rental increases every 5 years during the initial term and at each option period
- NNN lease with landlord responsibilities limited to roof and structure
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,643
Businesses Nearby
Explore this area
Business Placement
Demographics for 60608, IL
75,770
Population
32,617
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
77%
High-School Grad
6.2 sq mi
ZIP Area
12,221
Density / Sq Mi
$70,704
Median Household Income
$42,211
Median Earnings
$1,208
Median Rent
$341,500
Median Home Value
Market
Vacancy Rate% for Office in Chicago, IL
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Frequently Asked Questions
What type of property is this?
NNN property - Cano Health occupies a medical facility under a long-term NNN lease with extension options and scheduled rent increases.
Where is this nnn property located?
The property is located at 2627 W Cermak Rd Chicago, IL.
What are key features of this property?
This property features: 10‑year initial lease term with three 5‑year extension options; 10% rental increases every 5 years during the initial term and at each option period; NNN lease with landlord responsibilities limited to roof and structure
