Midwest Express Clinic

Long-Term Net Lease: This property is secured by a long-term NNN lease, requiring minimal landlord responsibilities. It’s a great choice for investors looking for dependable income with minimal operating expense risk.
Annual Rental Increases: The lease features 2% annual rental escalators, giving investors a hedge against inflation and consistent, predictable rent growth.
Proven Industry With E-Commerce Resistance: Healthcare operators aren’t prone to the same competition that many retail tenants face. Urgent care clinics in the U.S. now handle approximately 200 million patient visits each year. The industry has grown rapidly because of convenience, gaps in primary care, high costs of emergency room visits, and increased investment by health systems and private-equity groups. More than 50% of Millennials do not have primary care physicians and see urgent care facilities as their primary medical option.
Strong Senior Demographics: Carol Stream features a sizable older population with nearly 16% aged 65 and above combined with high household incomes, reinforcing steady healthcare demand and patient volume for urgent care.
Proximity to Local Schools and Student Population Driving Patient Traffic: The property is near multiple elementary schools, Jay Stream Middle School, and Hadley Junior High School, serving a combined enrollment of approximately 4,100 students, along with nearby Glenbard North High School with over 2,100 students. It is also close to Wheaton College, which has nearly 3,000 students. This strong school and college presence supports steady pediatric, adolescent, and young adult patient traffic throughout the year.
Rapidly Growing Billion Dollar Market: The U.S. urgent care market was valued at approximately $34 billion in 2024 and is expected to grow at a CAGR of 8.6% from 2025 to 2030. The growing burden of chronic diseases and the geriatric population has fueled this growth.
Established and Growing Tenant: Midwest Express Clinic is a leading urgent care operator with approximately 53 locations across Illinois & Indiana and a strong track record of providing accessible, high-quality care for more than a decade.
High Income and Dense Population: Within a five-mile radius of the site, the population exceeds 250,000 residents and includes over 90,000 households with average household income around $125,000, reflecting a large, well-resourced community that continues to drive area growth and sustained healthcare demand.
Proximity to Other National Brands: The property is near a retail trade area that includes such national brands as Planet Fitness, The Home Depot, Jewel-Osco, Qdoba, Circle K, Caliber Collision, DaVita Dialysis, Goodwill, Wendy’s, Denny’s, McDonald’s, among many others.
Favorable Depreciation: Given the heavy build-out at this facility, this opportunity offers investors the ability to capture more favorable depreciation advantages through a cost segregation study. *Investors to confirm with their own CPA.
7.78% Average Cap Rate: The property offers an average return of 7.51% at list price, giving investors a healthy and growing return backed by a stable NNN lease in a proven industry.

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Matthew M. Fitzgerald