Single-Tenant Medical
For Sale
Contact for pricing
88 W Countryside Pkwy, Yorkville, IL 60560
Healthcare facility with clinic, specialty care, and a triple-net lease structure.
Property Size7,741 SF
Price / SF$377.21
Days on Market299
Property Features for 88 W Countryside Pkwy
General Information
Standard status
Active
Size
7,741 SF
Property subtype
Office
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$196,098
Building Details
Year Built
2006
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
JLL Chicago | Americas Headquarters
Listed By:
Eric Osika · License #IL 475.205911
Source:
Crexi
Added: Nov 4, 2025
Changed: Aug 30
Last Checked: Aug 30 at 3:58PM
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 JLL Chicago | Americas Headquarters
Investment Insights
Based on property information with market context.
The 7,741-square-foot medical center at 88 W Countryside Pkwy was completed in 2006 and is occupied by a single healthcare tenant. Current services include a walk-in clinic, cardiology, neurology, diabetic education, and a sleep lab scheduled for conversion to additional primary care space in 2026.
The property operates under a new 10-year triple-net lease with 2.50% annual rent increases and one five-year renewal option. It is master leased with the separately parceled medical facility at 76 W Countryside Pkwy, creating a two-building healthcare campus in Yorkville, Illinois. The tenant has occupied the site for more than 10 years and has planned renovations for the campus, with the majority directed toward this building.
The property operates under a new 10-year triple-net lease with 2.50% annual rent increases and one five-year renewal option. It is master leased with the separately parceled medical facility at 76 W Countryside Pkwy, creating a two-building healthcare campus in Yorkville, Illinois. The tenant has occupied the site for more than 10 years and has planned renovations for the campus, with the majority directed toward this building.
Key Highlights
- 7,741‑square‑foot medical center completed in 2006
- Single‑tenant healthcare facility at 88 W Countryside Pkwy, Yorkville, IL 60560
- New 10‑year triple‑net lease with 2.50% annual rent increases
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
$106,736
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
3.66%
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%
$2,134,720
$2.1M
Cap Rate 7%
$1,524,800
$1.5M
Cap Rate 9%
$1,185,956
$1.2M
Market Conditions
NOI Build-Up for 7,741 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
$189.5K $24.48/SF
− Vacancy
−$47.2K −$6.10/SF
EGI
$142.3K $18.38/SF
− OpEx
−$35.6K −$4.60/SF
NOI
$106.7K $13.79/SF
Area
Kendall County, IL
Vacancy
24.90%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
25.00%
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%
$2,134,720
Cap Rate 7%
$1,524,800
Cap Rate 9%
$1,185,956
Alternative Uses
Best Use
Office B
$1.52M
$1.33M – $1.78M
NOI $106,736 @ 7.0% cap · market cap 3.66%
Second Best
Healthcare Medical
$1.47M
$1.28M – $1.71M
NOI $102,553 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$2.67M
$2.34M – $3.12M
NOI $187,083 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
665
Businesses Nearby
Explore this area
Business Placement
Demographics for 60560, IL
27,185
Population
10,022
Households
2.7
Avg Household Size
37
Median Age
38%
College-Educated
95%
High-School Grad
79.4 sq mi
ZIP Area
342
Density / Sq Mi
$112,160
Median Household Income
$58,706
Median Earnings
$1,626
Median Rent
$324,900
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 - Healthcare facility with clinic, specialty care, and a triple-net lease structure.
Where is this medical center located?
The property is located at 88 W Countryside Pkwy Yorkville, IL.
What is the asking price?
The asking price for this property is $2,920,000.
What are key features of this property?
This property features: 7,741‑square‑foot medical center completed in 2006; Single‑tenant healthcare facility at 88 W Countryside Pkwy, Yorkville, IL 60560; New 10‑year triple‑net lease with 2.50% annual rent increases
