Hammond-Henry Urgent Care — Sale in Annawan, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Annawan, IL 61234

Investment Figures

Cap rate
7.50%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

- 1 of 2 Previous Next ← Move left → Move right ↑ Move up ↓ Move down + Zoom in - Zoom out 203 US-6 Annawan, Illinois 203 US-6 View on Google Maps Custom Imagery This image is no longer available Keyboard shortcuts Map Data © 2026 Google © 2026 Google Terms Report a problem Gallery (2) View Map Street View × Hammond-Henry Urgent Care Close Investment Highlights Corporate Guaranteed | Backed by Hammond Henry Hospital which Services Over 30,000 People with Five Locations and Over 500 Employees | Total Patient Revenue In Excess of $145 Million Triple-Net Lease | Zero Landlord Responsibilities | Tenant Responsible for Roof & Structure | Tenant Pays All Expenses Directly Rapidly Growing Net Operating Income | 1.5 Percent Annual Rental Increases | Major Hedge Against Inflation Just Shy of Six Years Remaining on Initial 12-Year Lease | Lease Term Through April 30th, 2032 | 8.10 Percent Capitalization Rate By End of Initial Term Very Modest Rent of Only $15.90 per Square Foot | Remains Less Than $20 per Square Foot By End of Final Option (Second Option) | Upside Potential Bringing Tenant to Higher Rent Only Urgent Care/Health Care Option within 15-Minute Radius | Dominant Market Control Catering Extremely Well to Regional Demographics Relocation Site within Market | Extremely Sticky Tenant with Hefty Capital Injection by Tenant to Build Out Space in 2020 | Expanded Services Hammond-Henry Hospital has been Operating for Over 125 Years | 45 Percent Market Share Across Henry County & Surrounding Rural Communities Investment Highlights: • Corporate Guaranteed | Backed by Hammond Henry Hospital which Services Over 30,000 People with Five Locations and Over 500 Employees | Total Patient Revenue In Excess of $145 Million • Triple-Net Lease | Zero Landlord Responsibilities | Tenant Responsible for Roof & Structure | Tenant Pays All Expenses Directly • Rapidly Growing Net Operating Income | 1.5 Percent Annual Rental Increases | Major Hedge Against Inflation • Just Shy of Six Years

Market Context

This office in Annawan, IL is listed for sale. It is offered at an approximate 7.5% capitalization rate, a key benchmark for income-producing office assets. It has been on the market for 100 days. Compare it against other office listings for sale in Annawan, IL — view the full market.

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