Midwest Dental | Corporate Lease
519 N Plum St Pontiac, IL 61764
Price: $1,025,000
Status: Sold
Cap Rate: 7.68%
Year Built: 1971/Ren 2019
NOI: $78,768
Lot Size: 28.00 sqft
Price Per Foot: $213
Lease Type: NNN
Remaining Term: 11 years
GLA: 4797 sqft
Property Intro
Lee & Associates is pleased to exclusively offer for sale the fee simple interest (land & building) in a Midwest Dental property located in Pontiac, IL (the “Property”). The Property consists of a 4,797-square-foot medical building with basement that sits on an approximately 28,164-square-foot parcel.
Midwest Dental has been operating at this location since 2012 and recently executed an early 10-year lease extension leaving 12 years remaining on the lease term. Additionally, the building had a complete roof replacement with new gutters in the summer of 2019 along with recently replaced HVAC units.
The subject property is located on the hard corner intersection of N. Plum St & W Livingston Rd offering excellent access and ample parking. The property is surrounded by over 5,300 households within a 5-mile radius, and is blocks from schools, businesses and county offices.