AQRE Advisors is pleased to present for sale the subject property located at 385 Millennium Drive, Crystal Lake, IL (“Property”). The 9,427 SF single-tenant building is situated on 1.34 acres of land and is 100% occupied by Mobile Therapy Centers of America (“Tenant”). The building was constructed in 2006. The Tenant has
been in business for over 16 years and has been at this location for just over 2 years. This location is critical to the Tenant’s business and serves as the local HQ for the surrounding markets.
- Lease Features Above Market 3% Annual Increases in Rent
- Located Just Miles from Centegra Memorial Medical Center and Advocate Good Shepherd
- Credible Tenant With 4 Locations and Expanding to 6
- Price Below Replacement Cost
- Affluent Demographics – Average Household Income within a 2-Mile Radius is $127,016
- Ten Mile Population | 341,577
- The Previous Tenant – Centegra Health System (Northwestern Medicine) – Spent Over $1M on Buildout
