By submitting the form, you agree to the terms and conditions of our Confidential Disclaimer.
INVESTMENT HIGHLIGHTS
87% Combined Occupancy – Quality Value-Add Opportunity - The Doctor’s Plaza Portfolio has a combined occupancy of 87%, which lends itself to a value-add investor interested in acquiring the buildings and stabilizing the assets. The opportunity also is a tremendous user acquisition opportunity.
Tremendous Access & Visibility - The Doctor’s Plaza Portfolio is located on Army Trail Road in Bloomingdale, Illinois, a suburb of Chicago. The single-story buildings are in excellent shape and provide patients and physicians an ideal healthcare environment based on that ease of access for people accessing the building. In addition, the visibility for this medical office park is tremendous. The building sits at the corner of Brighton Road and Army Trail and boasts over 31,000 cars per day.
Anchored by Duly Health - Duly Health occupies 7,647 square feet of space at the Doctor’s Plaza Portfolio. That is roughly 27.03% of gross leasable area. Duly has over 150 locations throughout the Chicago MSA and provides a wide array of healthcare services to the Chicago community. Duly is one of the strongest healthcare providers in the market and has been a tenant in the Doctor’s Plaza Portfolio since 2017.
Attractive Annual Increases - Each lease features attractive annual increases between 2-5% through the remaining primary terms, resulting in a projected average cap rate of 10.26% over the next 10-years. Rental increases offer a hedge against inflation, income growth, and the potential for value appreciation.
Solid Submarket Fundamentals - The North DuPage submarket features strong fundamentals including consistent growth in asking rent PSF and a decreasing vacancy rate on 7.8M SF over the last 10-years.
E-Commerce Resistant - The offering provides an opportunity to invest in property leased to a strong diversified tenant pool that is “Amazon-Proof” and completely resistant to the rise of e-commerce.
