6101 95Th St Oak Lawn, IL 60453

Property Details for 6101 95Th St

Year built

1976

Lot size

0.07 lot acres

Property type

Commercial real estate

APN

24-08-105-009

APU

2408105009

Description

This exceptional investment opportunity presents a 10,815 square foot medical office building in Oak Lawn, Illinois, currently 100% occupied by JenCare Senior Medical Care under a Net Lease agreement. The property, built in 1976 and renovated in 2006, sits on a 0.58-acre lot and includes 40 parking spaces. The lease, originally commencing June 4, 2013, has a remaining term of approximately 2.9 years, expiring September 30, 2027, with annual rent bumps. The tenant, JenCare, has demonstrated strong commitment, renewing their lease in 2020 for seven years and recently investing over $50,000 in property improvements (fiber optic system and parking lot resurfacing). The property boasts a strong NOI of $245,679, resulting in an 8.25% cap rate and a price per square foot of $275.35. The asking price is $2,977,921. The property's prime location on 95th Street, a major thoroughfare with 33,325 vehicles daily, offers excellent visibility and accessibility. Its proximity to two major hospitals (Advocate Christ Medical Center and OSF Little Company of Mary Medical Center), numerous assisted living facilities, and major shopping centers, including Chicago Ridge Mall, ensures a robust patient base and high traffic volume. The area's demographics are highly attractive, with a large resident and workforce population within a short radius. The property's APN is 24-08-105-005-0000: 24-08-105-006-0000: 24-08-105-007-0000: 24-08-105-008-0000: 24-08-105-009-0000: 24-08-105-010-0000: 23-08-025-0000. Lease options include 1 and 7-year terms. The ownership is Fee Simple.