JLL Income Property Trust announced on April 3, 2025, the acquisition of Naperville Medical Center, a medical outpatient building in Naperville, Illinois, for approximately $16.3 million. The property totals 39,500 square feet and is 100% occupied by a single tenant, one of the largest non-profit health systems in the Midwest and Southeastern United States.
The lease for the facility has a 10-year term with annual rent escalations of 2%. Converted to a medical outpatient facility in 2020, the property provides various medical services, including general surgery, primary care, and cardiology.
Located in an affluent Chicago suburb, Naperville was recently named a top city to live in America, with strong demographics and a large medical outpatient market. Healthcare real estate is a high-conviction property sector for JLL Income Property Trust, comprising 10% of its $6.6 billion portfolio as of February 28, 2025.
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