Description
Prime NNN Investment Opportunity - Dental Practice in Chicago, IL This property features a 10.5-year lease expiring 10/31/2029 with annual rent increases and two 5-year renewal options along with a personal guaranty from a well-established 9-location dental operator with strong financials. This NNN lease structure provides a low-maintenance investment, with the tenant covering all interior expenses while the condo association manages exterior maintenance, including capital items-costs that are fully reimbursed by the tenant through monthly assessments. In addition, tenant is also fully responsible for paying taxes directly, as well as insurance with landlord named as additional insured.
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School Ratings & Info
Description
Prime NNN Investment Opportunity - Dental Practice in Chicago, IL This property features a 10.5-year lease expiring 10/31/2029 with annual rent increases and two 5-year renewal options along with a personal guaranty from a well-established 9-location dental operator with strong financials. This NNN lease structure provides a low-maintenance investment, with the tenant covering all interior expenses while the condo association manages exterior maintenance, including capital items-costs that are fully reimbursed by the tenant through monthly assessments. In addition, tenant is also fully responsible for paying taxes directly, as well as insurance with landlord named as additional insured.
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