The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant Springfield Clinic property located at 1000 W Morton Avenue in Jacksonville, IL for $1,342,588.<\/p>\n
The 7,000-square-foot building benefits from its location along Morton Avenue, which experiences 17,200 vehicles per day. Notable retailers nearby include Walmart, Home Depot, Hy-Vee, JCPenney, Ollie\u2019s Bargain Outlet, AT&T, Walgreens, Harbor Freight, Goodwill, McDonald\u2019s, Subway, Taco Bell, Wendy\u2019s, Burger King, Starbucks, and Arby\u2019s. The property is located 1 mile from Illinois College, which has over 1,000 students.<\/p>\n
Jacksonville is situated 35 miles west of Springfield, the Illinois state capital. The population is 22,286 within a 5-mile radius with an average household income of $82,250.<\/p>\n
Springfield Clinic has over 10 years of lease term remaining with three 5-year renewal options. The lease features rental increases every 5 years including 4% in October 2027.<\/p>\n
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The buyer is a commercial real estate investment firm located in Utah. The seller is a private investor located in New Jersey.<\/p>\n
Springfield Clinic is an Illinois-based physician-owned and led healthcare provider that was founded in 1939 and is headquartered in its namesake Springfield, Illinois. Springfield Clinic has over 3,000 employees and 90 facilities throughout Illinois.<\/p>\n
\u201cLong-term leases to medical tenants remain attractive investments\u201d said Randy Blankstein, President of The Boulder Group. Jimmy Goodman of The Boulder Group, added, “Investors continue to gravitate to low-rent medical assets.”<\/p>\n","protected":false},"excerpt":{"rendered":"
The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant Springfield Clinic property located at 1000 W Morton Avenue in Jacksonville, IL for $1,342,588. The 7,000-square-foot building benefits from its location along Morton Avenue, which experiences 17,200 vehicles per day. Notable retailers nearby include Walmart, Home Depot, Hy-Vee, JCPenney, […]<\/p>\n","protected":false},"author":3,"featured_media":2938,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[388],"tags":[],"class_list":["post-2937","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-net-lease-sold"],"yoast_head":"\n