WellNow Urgent Care NNN Property For Sale — Decatur, IL · 3,500 SF
Decatur, IL 62526
Fee simple interest in a newly constructed, corporate-guaranteed WellNow Urgent Care facility located in Decatur, Illinois. The tenant, ASP UC Support, LLC, operates under a 10-year lease featuring three 5-year renewal options, a 10% rental increase in year 6, and 8% increases at the start of each option period to hedge against inflation. This passive net-leased investment offers minimal landlord responsibilities. Strategically situated on a hard corner at the signalized intersection of N. Water Street and Ash Street (37,000 combined VPD) with two monument signs, the property sits directly across from a Walmart and Sam's Club-anchored center and near major retailers including Kohl's, Best Buy, and TJ Maxx, as well as multiple surrounding multi-family developments.
- Address: Decatur, IL 62526
- Asking price $2.48M
- 5.50% cap rate
- NOI $136,500
- 10 years remaining
- NNN lease
- Year built: 2021
- Building size: 3,500 SF
- Rent increases: 10% in Year 6; 8% every 5 years in options
- Guarantor: Corporate
Location
This WellNow Urgent Care property is in Decatur, Illinois.
Asset type: Medical