Profitable Specialty Medical Center In Chicago

Business Overview:

This specialty Medical Center is a single-specialty, privately-owned practice in the medical field of gastroenterology, hepatology, and nutrition. The medical practice is uniquely located in the West Loop section of Chicago and provides care to patients not only in the Chicagoland area but also draws patients from Indiana, Wisconsin, and Ohio. The practice has 1000s of patients who are professional and diverse. The referral base is wide including primary care offices that practice internal medicine, integrative medicine, and those who are referred from family, friends, or from an online source. According to KPMG Corporate Finance LLC’s 2020 healthcare practice year review, GI is a strong sector that presents major growth opportunity for GI practices in the U.S. Gastroenterology (“GI”) is the second largest sub-specialty of internal medicine; 21 percent of the U.S. population are treated by more than 2,100 physician practices and ~13,500 physicians. GI practices are positioned to benefit from the increasing incidence of GI related problems and technological advancements in the industry such as endoscopic imaging technology. This business has phenomenal SDE that continues to increase year over year! With the infrastructure of the practice already in place, it's a great opportunity for expansion of a medical practice

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Property Features and Assets:

Monthly Rent: $8,071.00 Square Units (Foot, Meter): 2,200 Lease Expiration Date: February 28, 2027, 12:00:00 AM Terms Options: Lease is a 10-year initial term that expires February 28, 2027. There is 2 optional renewal periods of 5 years. Tenant must notify within 180 days of initial term expiration the request for additional renewal periods.

Market Competition and Expansion:

What sets this medical center apart from the competition is comprehensive Gastro Intestinal care and in-office endoscopy. Incredible location in the West Loop with growing number of businesses and residential buildings in the area! Growth is limitless. According to KPMG Corporate Finance LLC’s 2020 healthcare practice year review, strong sector tailwinds and expansion dynamics present major growth opportunity for GI practices in the U.S. Gastroenterology (“GI”) is the second largest sub-specialty of internal medicine, 21 percent of the U.S. population are treated by more than 2,100 physician practices and ~13,500 physicians. GI practices are positioned to benefit from the increasing incidence of GI related problems and technological advancements in the industry such as endoscopic imaging technology.

Reason for Selling:

Owner has moved out of the state.

Additional Details:

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