PRIME LOCATION WITH HIGH VISIBILITY – Strategically located on Archer Avenue (±30,900 VPD) and directly off of Harlem Avenue (±46,800), this property offers easy access to major transportation routes, including I-55, and is just minutes from Midway International Airport. Additionally, the site is within close proximity to top-tier healthcare facilities, including Advocate Christ Medical Center and Loyola University Medical Center.
NATIONAL LEADER IN DERMATOLOGY SERVICES – Pinnacle Dermatology is one of the largest and fastest-growing dermatology networks in the U.S., with over 95 locations nationwide. Through its partnership with QualDerm Partners, Pinnacle is part of a combined network of more than 158 locations and 400 providers. This collaboration supports a full spectrum of services, including medical, surgical, and cosmetic dermatology, along with plastic surgery and pathology. The brand’s continued expansion underscores its leadership in delivering expert skin care across the country.
LONG TENANT OPERATING HISTORY – The site has offered dermatology services since 1981, originally tenanted by Southwest Dermatology, P.C., before being acquired by Pinnacle Dermatology in 2018. The tenant recently executed a 5-year lease extension in May 2023, with 3% annual rent increases, demonstrating long-term stability and commitment to the location.
$70 BILLION INDUSTRY – The global dermatology market is expected to reach $70B by 2027, growing at a compound annual growth rate (CAGR) of 8-9% during that period. This growth is driven by factors such as an aging population, increased awareness of skin health, and advancements in both medical and cosmetic dermatology treatments.
MEDICAL OFFICE INVESTMENT – Healthcare real estate remains a highly attractive investment due to its resilience in challenging economic climates. The demand for medical space, particularly for specialized services like dermatology, continues to grow, offering investors stability and long-term value. This property provides an excellent opportunity to capitalize on the increasing need for healthcare services in a highly accessible location.
COMMUNITY DEVELOPMENT AND SUPPORT – The Garfield Ridge neighborhood continues to see positive developments, with ongoing investments in residential, commercial, and infrastructure improvements. This includes the recent renovation and modernization of local properties, contributing to the area’s appeal as a vibrant, stable community. The strategic location and ongoing community growth make this property an ideal choice for healthcare-related tenants.