892 Frontenac StAurora, IL 60504

Property Details for 892 Frontenac St

Year built

2013

Lot size

1.08 AC

Property size (Sq ft)

6,285 SF

Property type

Office properties

APN

07-29-413-044

APU

729413044

Description

This exceptional investment opportunity presents a 6,280-square-foot medical office building in Aurora, Illinois, currently leased to Action Behavior Centers, a national autism therapy operator with over 270 locations. The property, built in 2009 and situated on a 1.08-acre lot, enjoys a prime location in affluent DuPage County, just outside Chicago. The current tenant holds a 10-year net lease (NNN) commencing November 1, 2023, with a remaining term of approximately 9.2 years and two 5-year renewal options. The lease includes a favorable 2.5% annual rent increase, providing a hedge against inflation and consistent cash flow growth. The asking price is $2,145,667, representing a compelling 6.75% capitalization rate based on a net operating income (NOI) of $144,833. The property boasts 100% occupancy and benefits from the tenant's strong financial backing by Charlesbank Capital Partners, who acquired the business for $840 million in 2022. The surrounding area features high household incomes (over $129,000 annually within a 1-mile radius) and a dense population (over 259,000 within a 5-mile radius). This investment offers a stable, passive income stream in a rapidly expanding sector of healthcare, with the global autism therapy market projected to reach $6 billion by 2030. The tenant's established presence and expansion plans, coupled with the lease terms and location, make this a highly attractive opportunity for discerning investors. The property is e-commerce resistant, and the tenant's infrequent relocation due to patient retention and moving costs provides additional security.

• CAP approach

  CAP return

  Valuation

  6%

  $1,286,140

  6.5%

  $1,187,210

  7%

  $1,102,410

• Comparable approach

  Method

  Valuation

  Relative Method

  $638,073

  Geo Method

  $818,621

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,412,000

  Retail / Commercial

  $1,222,250

  Mixed-Use / Specialty

  $1,206,370

  Hospitality / Lodging

  $870,081

  Institutional / Educational

  $1,250,020

  Residential Income

  $1,462,530

  Multifamily

  $1,817,930

  Automotive / Energy

  $1,071,450

  Parking / Income-Based Land

  $381,123

  Restaurant / Food Service

  $602,863

  Healthcare / Senior Housing

  $1,248,920

Location Insight

City

Aurora

County

Dupage

State

Illinois

Latitude

41.7407

Longitude

-88.2291

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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