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24020 W Riverwalk Ct
Plainfield, IL 60544

$1,717,000 USD

Medical Condo For Sale  •  1,950 SF

Property Details

  • Property Type Medical
  • Total Building Size 15,467 SF
  • Lot Size 1.98 AC
  • Building Class B
  • Year Built 2006
  • Tenancy Multiple
  • Zoning I-1
0 Transit Score
38 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 112 Medical 1,950 SF $1,717,000 USD
  • Unit Size: 1,950 SF
  • Condo Use: Medical
  • Price: $1,717,000 USD
  • Sale Type: Investment
  • Price/SF: $880.51 USD
Description
Fully Built Out and Operational Oral Surgery Office

Sale Notes
NNN Leased Dental Condo for Sale in Plainfield! This space is currently occupied by Smile Partners USA, a strong DSO with 100+ locations across Alabama, Colorado, Georgia, Illinois, and Michigan. The Smile Partners USA (“SPUSA”) is an affiliated community of like minded practices that, while independently different, share common visions and values built on unrivaled quality, reputation, longevity, and care. SPUSA, otherwise known as the “Smile Alliance Network,” or “SAN” to its networked partner practices, allows each supported practice to “plug into” a set of shared services and “pull” from a set of ideas and practices used by other standard bearers within the field of dentistry, all within a collegial environment.

This opportunity boasts 20+ years of remaining INITIAL LEASE TERM with 8.7% base rent increases every 5 years, along with a 10-Year renewal option with the same base rent increase structure.

Description 

NNN Leased Dental Condo for Sale in Plainfield! This space is currently occupied by Smile Partners USA, a strong DSO with 100+ locations across Alabama, Colorado, Georgia, Illinois, and Michigan. The Smile Partners USA (“SPUSA”) is an affiliated community of like minded practices that, while independently different, share common visions and values built on unrivaled quality, reputation, longevity, and care. SPUSA, otherwise known as the “Smile Alliance Network,” or “SAN” to its networked partner practices, allows each supported practice to “plug into” a set of shared services and “pull” from a set of ideas and practices used by other standard bearers within the field of dentistry, all within a collegial environment.

This opportunity boasts 20+ years of remaining INITIAL LEASE TERM with 8.7% base rent increases every 5 years, along with a 10-Year renewal option with the same base rent increase structure.

Highlights

20+ Years of Initial Term Length Remaining
NNN Investment
Strong national DSO with 100+ locations
20 Years of initial lease term
13% Base rent increasing every 5 years
10 Year renewal option

Property Flyers

Amenities

  • Signage
  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
Lockport Station (Heritage Corridor Line - Northeast Illinois Regional Commuter Railroad (Metra)) 22 min - 9.8 mi
AirportDriveWalkDistance
Chicago Midway International 39 min - 28.0 mi
Chicago O'Hare International 56 min - 39.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 104
Type: Surface
Included in Rent: Yes
Doug Pauly 630-353-1190 Joseph Rossi & Associates
Doug Pauly 630-353-1190 Joseph Rossi & Associates