9570 159Th StOrland Park, IL 60467

For Sale
$5,395,626

Two-tenant medical building, 7.5% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 14,923 square foot medical office building in Orland Park, Illinois presents a compelling investment opportunity. Located at the signalized intersection of W 159th St & S La Grange Rd (76,000 VPD), this property boasts a prime location within a thriving retail corridor, surrounded by major national retailers including Costco, Walmart, Target, Lowe's, and Jewel-Osco. The building features two tenants, Physicians Immediate Care and Action Behavior Centers, operating under a triple-net (NNN) lease structure. Physicians Immediate Care, a long-term tenant since 2009, recently signed a 7-year lease extension with four additional 5-year options, demonstrating strong commitment to the location. The NNN lease includes 100% reimbursement of operating expenses with generous CAM caps and management fees. Built in 1998, this 1.53-acre property enjoys 100% occupancy, generating a strong net operating income (NOI) of $404,672 and a 7.50% cap rate. The asking price is $5,395,626, translating to $361.56 per square foot. Situated in a highly affluent area with an average household income exceeding $127,000 within a 3-mile radius, this investment offers significant potential for long-term growth and stability. Specific rent bump details and lease options are available upon request.

Highlights

  • $5,395,626 asking price for a 14,923 SF medical office building in Orland Park, IL.
  • 7.50% cap rate with a $404,672 NOI.
  • 100% occupancy with two tenants on NNN leases.
  • Located at a signalized intersection with high traffic counts (76,000 VPD), offering excellent visibility.
  • Strong tenant history, including a recent 7-year lease extension with options for Physicians Immediate Care.
  • Situated in a prime retail area near major national retailers like Costco, Walmart, Target, and more, within a high-income demographic.

Property Details for 9570 159Th St

Property type
Other office properties, Medical offices
Square Feet
14,923 SF
Year Built
1998
Lot Size (sq. ft)
66,647 SF

Location Insight

City
Orland Park
County
Cook
State
Illinois
Latitude
41.6020011
Longitude
-87.8519828
9570 159Th St, Orland Park, Illinois

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9570 159Th St
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