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2005 Jacobssen Dr, Normal, IL, 61761

Springfield Clinic
$1,450,000

Key Information

Cap Rate
7.71%
$ per SF
$126
Tot. SF
11,487
Year Built
2005
Term Remaining
±4 Yrs
Type
Healthcare
NOI
$111,818

Highlights

  • Prominent Multi-Specialty Clinic: This property is anchored by a well-established, multi-specialty medical clinic that attracts a wide range of patients. The diverse medical offerings ensure consistent demand for healthcare services, creating a stable tenant profile. Its prominence within the community enhances visibility and long-term occupancy stability.
  • Built-In Rental Increase of 3.5% in 2027: The lease structure includes a scheduled rent escalation of 3.5% in 2027, ensuring built-in income growth. This feature provides investors with predictable revenue appreciation, which strengthens long-term return projections and hedges against inflation.
  • Recent Renovation: The property has recently undergone significant upgrades, enhancing its overall appeal and reducing near-term capital expenditure risk. Modernized interiors, updated systems, and refreshed common areas not only improve the tenant and patient experience but also position the asset competitively within the market.
  • Located in a Medical Corridor: Strategically situated within a thriving medical corridor, the property benefits from strong synergies with neighboring healthcare providers, pharmacies, and specialized treatment centers. This clustering effect drives patient traffic, supports tenant success, and reinforces the long-term viability of the location as a healthcare destination.

Photos

Location

Agents

Broker of Record

Matthew M. Fitzgerald

License # 478027547 (IL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203