7101 Exchange Ave, Chicago, IL 60649

This 6,584 square foot medical office building in Chicago, IL, presents a compelling net lease investment opportunity. Located at 7101 S Exchange Ave, this fee-simple property boasts a 100% occupancy rate with a long-term lease (expiring 06/30/2024) to a University of Chicago Medical Outpatient Health clinic. The lease, commencing July 27, 1999, includes two five-year renewal options and features a 2% annual rental increase, providing a hedge against inflation. The property sits on a 0.33-acre lot and offers a strong 7.75% cap rate with a current NOI of $152,000. The asking price is $1,961,209. This prime location within a thriving medical corridor offers excellent access and high visibility. The affiliation with a top-tier healthcare institution and ongoing community development contribute to the property's strong investment potential. Detailed lease information is available upon request. This is a rare opportunity to acquire a stable, high-performing medical office building with significant long-term growth prospects.