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7123-7127 W Archer Ave, Chicago, IL, 60638

Pinnacle Dermatology
$648,000

Key Information

Cap Rate
8.11%
Tot. SF
4,186
Lot Size
0.15 Acres
Year Built
1940/2022 (R)
Term Remaining
±2
Type
Healthcare
NOI
$52,577

Highlights

  • Prime Location With High Visibility: Strategically located on Archer Ave (±30,900 VPD) and directly off of Harlem Ave (±46,800 VPD), 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.
  • $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.
  • 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.
  • 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.
  • Community Development: 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.

Photos

Location

Agents

Broker of Record

Matthew Fitzgerald

License # 478027547 (IL)
Matthews Real Estate Investment Services, Inc
600 W Fulton, Ste 100 Chicago, IL 60661