9505 Colfax Ave Chicago, IL 60617
- Retail properties
- 7,907 SF
- 0.75 lot acres
Current Use by Public Records
- DaVita Park Manor Dialysis / Dialysis Center / Local Medical Services
- RITA L MCGILL / Nephrologist
Property Details for 9505 Colfax Ave
- Lot size
- 0.75 lot acres
- Property size
- 7,907 SF
- Property type
- Retail properties
- Property subtype
- Drug stores
Description
This exceptional investment opportunity presents a fee-simple interest in a 7,907-square-foot DaVita Dialysis center located at 9505 S Colfax Ave, Chicago, IL 60617. The property sits on a 0.746-acre lot and is currently 100% occupied under a net lease with DaVita, a leading healthcare provider. The lease, originally signed on June 3, 2017, has a remaining term of approximately 7.5 years, extending to May 31, 2032. The lease includes 10% rent bumps every five years, providing a built-in hedge against inflation. Two five-year lease options further enhance the long-term value. The property boasts a strong net operating income (NOI) of $217,714, resulting in a 7.00% cap rate. The strategic location in the Jeffery Manor neighborhood, near Advocate Trinity Hospital, a 250-bed facility serving over 90,000 patients annually, contributes to the property's exceptional performance. The asking price is $3,290,360. This investment benefits from the stability of a net lease, a strong tenant in a growing industry, and a prime location in a densely populated urban area. The property's location in Illinois, a Certificate of Need (CON) state, adds another layer of security. This offering presents a compelling opportunity for investors seeking a stable, high-performing asset with significant long-term potential.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.5603
- Latitude
- 41.7224
