Property Listing No Longer Available for Sale

13155 South LaGrange Road, Orland Park, IL

Retail for Sale - $2,240,000 - 6,000 Sq. Ft. on 0 acres


Property Info

CIMLS#133843
Location
  13155 South LaGrange Road
  Orland Park IL 60464
UpdatedApril 1st, 2011
TypeRetail
Price$2,240,000
Building6,000 Sq. Ft.
Land0 acres

Property Description

Marcus & Millichap presents the 6,000-square foot single-tenant DaVita Dialysis Center located in Orland Park, Illinois. DaVita, Inc. has entered into a brand new 10-year double-net lease remaining with three, fiveyear renewal options. The lease includes a 16 percent rental increase in year six of the primary term.

The subject property benefits from a strong location at the lighted intersection of two major arterials. It is shadow-anchored by an Aldi and surrounded by a number of regional/national retailers, such as Jewel-Osco, Subway, Starbucks, LA Tan, and Walgreens.

With over 1,500 outpatient dialysis facilities and acute units in over 700 hospitals in 43 states, DaVita, Inc. (BB-/Stable) is the second leading provider of dialysis services for those diagnosed with chronic kidney failure in the United States and they hold a commanding 27 percent market share.

This is an opportunity for an investor to acquire a strategically located asset with strong returns and minimal landlord responsibilities. The real estate is supported by strong fundamentals, such as a five-mile population of 150,000 and a five-mile average household income of $95,000. Also, DaVita and other companies in the health care industry have historically been resilient to periods of economic downturn.



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