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6320 S Cass Ave, Westmont, IL, 60559

Midwest Express Clinic
$2,362,971

Key Information

Cap Rate
7%
Tot. SF
3,533
Year Built
2024
Type
Healthcare
Occupancy
100%
NOI
$165,408

Highlights

  • 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.
  • 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.
  • Aging Population Drives Demand: Located in DuPage County, Westmont has a growing 65 and older demographic making up over 18% of residents, supporting strong long-term demand for urgent care services in this established suburban market.
  • Located in Dense Retail Trade Area: The immediate area surrounding the property includes nationally recognized brands such as McDonald’s, Raising Cane’s, Starbucks, Amazon Fresh, LA Fitness, Walgreens, Freddy’s, Aldi, Whole Foods Market, and more.
  • Affluent Population and Strong Average Household Income: Within a five-mile radius of the property, the area is home to over 236,000 residents with an average household income of approximately $137,000, providing a strong and financially capable patient base that continues to fuel the growth and vibrancy of the surrounding community.
  • Proximity to Schools and Community Patient Sources: The urgent care is located near Maercker Elementary, Westview Hills Middle School, and Westmont Junior High, serving a combined enrollment of around 900 students. This strong school presence drives steady pediatric and family patient traffic, further supported by surrounding residential neighborhoods and convenient commuter access.
  • 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.
  • 7.51% Average Cap Rate: The property offers an average return of 7.32% at list price, giving investors a healthy and growing return backed by a stable NNN lease in a proven industry.

Photos

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