Medical Center with Absolute NNN
3300 N Main St, East Peoria, IL 61611
For Sale
New
Contact for pricing
The two-story facility has operated as a dialysis center for more than 25 years.
Property Size20,316 SF
Lot Size3.52 Acres
Price / SF$150.23
Days on Market4
Property Features for 3300 N Main St
General Information
Standard status
Size
Lot size
Property subtype
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Property Use
Medical Specialty
Building Details
Buildings
Stories
Building Size
Tenancy
Listing Agency:
CP Partners
(415) 274-2700
Listed By:
Chris Peters · License #01339983
(415) 274-2703
Source:
Moodyscre
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 3:19PM
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.
Configured for medical use, this two-story building contains 20,316 square feet, with 10,158 square feet on each floor, and occupies 3.52 acres. The property has served as a dialysis center for more than 25 years and includes 24 treatment stations. Operations run six days per week, with hours from 6 a.m. to 10 p.m. on Mondays, Wednesdays, and Fridays.
Fresenius Medical Care Holdings, Inc. guarantees payment and performance throughout the lease term and renewal periods. The absolute NNN lease extends through December 2037 and includes three five-year renewal options. Annual rent adjustments are tied to CPI, subject to a 1% floor and a 2% ceiling.
Fresenius Medical Care Holdings, Inc. guarantees payment and performance throughout the lease term and renewal periods. The absolute NNN lease extends through December 2037 and includes three five-year renewal options. Annual rent adjustments are tied to CPI, subject to a 1% floor and a 2% ceiling.
Key Highlights
- 20,316‑square‑foot, two‑story building on 3.52 acres
- Dialysis center operating at the site for more than 25 years, with 24 stations
- Absolute NNN lease runs through December 2037, with three 5‑year renewal options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$218,630
Cap Rate
7.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,372,600
$4.4M
Cap Rate 7%
$3,123,286
$3.1M
Cap Rate 9%
$2,429,222
$2.4M
Market Conditions
NOI Build-Up for 20,316 SF
Gross rent
$407.1K $20.04/SF
− Vacancy
−$42.7K −$2.10/SF
EGI
$364.4K $17.94/SF
− OpEx
−$145.8K −$7.17/SF
NOI
$218.6K $10.76/SF
Area
Tazewell County, IL
Vacancy
10.50%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,372,600
Cap Rate 7%
$3,123,286
Cap Rate 9%
$2,429,222
Alternative Uses
Best Use
Office B
$5.35M
$4.68M – $6.24M
NOI $374,602 @ 7.0% cap · market cap 12.27%
Second Best
Healthcare Medical
$3.12M
$2.73M – $3.64M
NOI $218,630 @ 7.0% cap · market cap 7.16%
Theoretical Best
Office A
$7.95M
$6.96M – $9.27M
NOI $556,499 @ 7.0% cap · market cap 18.23%
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
256
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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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical center - The two-story facility has operated as a dialysis center for more than 25 years.
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 building on 3.52 acres; Dialysis center operating at the site for more than 25 years, with 24 stations; Absolute NNN lease runs through December 2037, with three 5‑year renewal options
