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633 Ridgeview Dr, McHenry, IL, 60050

Advocate Medical Group
Closed

Key Information

Tot. SF
4,302
Year Built
2005
Type
Healthcare
Occupancy
100%

Highlights

  • Credit-Rated National Tenant: Leased in its entirety to Advocate Medical Group, a subsidiary of Advocate Health, one of the nation’s largest nonprofit health system, carrying a “AA” credit rating from Fitch, providing exceptional credit quality and tenant security.
  • Stabilized Cash Flow With Long-Term Lease: Recently extended lease term through 2030 ensures sustained rental income and minimizes near-term rollover risk.
  • Contractual Rent Escalations: Annual increases of $0.50 per square foot provide built-in revenue growth and hedge against inflation.
  • Minimized Landlord Obligations: Tenant is responsible for interior maintenance, landscaping, and snow removal, limiting landlord responsibilities to structural components, real estate taxes, and association dues.
  • Attractive Local Demographics: Located within a strong suburban market characterized by high household incomes and sustained demand for outpatient healthcare services.
  • Purpose-Built Medical Interior: Modern clinical build-out features seven exam rooms and an on-site lab, facilitating efficient patient throughput and high-quality care delivery.
  • Convenient and Accessible Location: Well-located in McHenry with easy access for patients and medical staff, supporting tenant retention and operational efficiency.

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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