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2800 Beverly Dr, Aurora, IL, 60502

ACTION BEHAVIOR CENTERS
$2,903,704

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Highlights

INVESTMENT HIGHLIGHTS

  • EXTREMELY PASSIVE INVESTMENT – This long-term single tenant healthcare investment features a landlord friendly lease structure with minimal landlord responsibilities that is ideal for out of state investors.
  • E-COMMERCE RESISTANT TENANT – Healthcare operators aren’t prone to the same competition that many retail tenants face. Healthcare properties are highly sought-after investments for their insulation from e-commerce competition and resistance to economic downturns.
  • STICKY TENANCY – Autism Therapy practices rarely relocate due to difficulty retaining the same patients in a new location, and the high cost of moving, which provides an extra level of security to a future landlord.
  • ANNUAL RENTAL INCREASES – The site features a 3.00% rental increase in years 1-7 and a 1.50% rental increase in years 8-12 that serves as inflation protection through the growth of cash flow over the life of the lease
  • BILLION DOLLAR MARKET FOR AUTISM THERAPY – The global autism therapy market was valued at $2.19 billion in 2023. The market is projected to reach $68.72 billion by 2031, with a CAGR of 6.60% during the forecast period 2024 to 2031.
  • CHICAGO MSA – Aurora is 2nd most populous city in IL and part of the Chicago MSA. Chicago is the 3rd largest city in the United States.
  • AFFLUENT AREA WITH HIGH POPULATION – The 1-mile average household income in the area surrounding the property is over $145K/year, and the 5-mile population is over 186K.
  • 300+ LOCATIONS – The tenant has locations in Texas, Arizona, Colorado, Illinois, North Carolina, and Minnesota, quickly growing to be one of the largest providers of autism therapy in the country.
  • PRIVATE EQUITY BACKED – Action Behavior Centers is backed by Charlesbank Capital Partners, who acquired the business in 2022 at an $840M valuation. Their investment is a culmination of a multi-year evaluation of many ABA providers. Their diligence validated ABC’s position as a leading ABA provider with strong clinical outcomes, a unique culture that supports clinician retention, and a data-driven management team.

Location

Agents

Financing Agents

Broker of Record

Matthew M. Fitzgerald

License # 478027547 (IL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203

Key Information

Cap Rate
6.75%
$ per SF
$414
Tot. SF
7,000
Year Built
2000
Term Remaining
±11
Type
Healthcare
Occupancy
100%
NOI
$196,000