Medical Center with Dialysis
New
For Sale
$3,052,000
3300 N Main St East, Peoria, IL 61611
The facility operates six days per week, with extended hours on Mondays, Wednesdays, and Fridays.
Property Size20,316 SF
Lot Size3.52 Acres
Price / SF$150.23
Days on Market2
Property Features for 3300 N Main St East
General Information
Standard status
Active
Size
20,316 SF
Lot size
3.52 Acres
Property subtype
Office
Building Details
Building Size
20,316 SF
Year Built
1998
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
CP Partners
Listed By:
Chris Peters · License #CalDRE #01339983
(415) 274-2703
Source:
Cppcre
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 2:27AM
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 CP Partners
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Investment Insights
Based on property information with market context.
Built in 1998, this two-story medical center contains 20,316 square feet across two floors, with 10,158 square feet on each level. The site covers 3.52 acres and has operated as a dialysis center for more than 25 years. Current operations include 24 treatment stations, with service six days weekly and extended hours from 6 a.m. to 10 p.m. on Mondays, Wednesdays, and Fridays.
The property is leased to Fresenius Kidney Care through December 2037, with three five-year renewal options. The lease is absolute NNN, and Fresenius Medical Care Holdings, Inc. guarantees payment and performance for the initial term and renewals. Annual rent adjustments track CPI, subject to a 1% floor and 2% cap.
The property is leased to Fresenius Kidney Care through December 2037, with three five-year renewal options. The lease is absolute NNN, and Fresenius Medical Care Holdings, Inc. guarantees payment and performance for the initial term and renewals. Annual rent adjustments track CPI, subject to a 1% floor and 2% cap.
Key Highlights
- 20,316‑square‑foot, two‑story medical center on 3.52 acres
- Fresenius Kidney Care lease runs through December 2037, with three 5‑year renewal options
- Absolute NNN lease with a guaranty from Fresenius Medical Care Holdings, Inc.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$263,295
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,265,900
$5.3M
Cap Rate 7%
$3,761,357
$3.8M
Cap Rate 9%
$2,925,500
$2.9M
Market Conditions
NOI Build-Up for 20,316 SF
Gross rent
$487.6K $24.00/SF
− Vacancy
−$48.8K −$2.40/SF
EGI
$438.8K $21.60/SF
− OpEx
−$175.5K −$8.64/SF
NOI
$263.3K $12.96/SF
Area
Peoria, IL
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,265,900
Cap Rate 7%
$3,761,357
Cap Rate 9%
$2,925,500
Alternative Uses
Best Use
Healthcare Medical
$3.76M
$3.29M – $4.39M
NOI $263,295 @ 7.0% cap · market cap 8.63%
Second Best
Office B
$3.75M
$3.28M – $4.37M
NOI $262,381 @ 7.0% cap · market cap 8.60%
Theoretical Best
Multifamily LT 5
$17.77M
$15.55M – $20.73M
NOI $1,244,057 @ 7.0% cap · market cap 40.76%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
219
Businesses Nearby
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Business Placement
Demographics for 61611, IL
23,837
Population
11,207
Households
2.1
Avg Household Size
44
Median Age
26%
College-Educated
93%
High-School Grad
41.0 sq mi
ZIP Area
581
Density / Sq Mi
$76,329
Median Household Income
$44,586
Median Earnings
$942
Median Rent
$162,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical center - The facility operates six days per week, with extended hours on Mondays, Wednesdays, and Fridays.
Where is this medical center located?
The property is located at 3300 N Main St East Peoria, IL.
What is the asking price?
The asking price for this property is $3,052,000.
What are key features of this property?
This property features: 20,316‑square‑foot, two‑story medical center on 3.52 acres; Fresenius Kidney Care lease runs through December 2037, with three 5‑year renewal options; Absolute NNN lease with a guaranty from Fresenius Medical Care Holdings, Inc.
