118 Airway Dr – The Airway Drive Portfolio

NovaCare Rehabilitation
118 Airway Dr, Marion, IL 62959, USA

Sands Investment Group is pleased to exclusively offer for sale the 3,700 SF 118 Airway Drive in Marion, IL. Rare opportunity to acquire a corporately guaranteed national tenant at just $347,000.

  • Accessible Retail Opportunity: Rare opportunity to acquire a corporately guaranteed national tenant at just $347,000.
  • Long-Term Income Stability: Base term expiration in August 2028, 3, 3-year renewal options.
  • Medical Tenancy: NovaCare Prosthetics & Orthotics specializes in healthcare providers delivering custom prosthetic and orthotic solutions to patients throughout the region.
  • Landlord Leasing Leverage: Opportunity to restructure the gross lease to increase NOI at options.
  • Consistent Demand: Growing healthcare needs, an aging population, and advancements in rehabilitation medicine continue to support demand for prosthetic and orthotic care services.

In Cooperation With Sands Investment Group Illinois, LLC – Lic. #481013714 BoR: Andrew Ackerman – Lic. IL #471021429

NovaCare Rehabilitation
118 Airway Dr, Marion, IL 62959, USA

NovaCare Prosthetics & Orthotics

118 Airway Drive is occupied by NovaCare Rehabilitation, a leading provider of physical therapy and outpatient rehabilitation services, and Cape Prosthetics & Orthotics, a specialized healthcare provider offering custom prosthetic and orthotic solutions. Together, these tenants deliver essential rehabilitative and mobility care services, serving patients throughout the region and benefiting from consistent healthcare-driven demand.

Price

$347,000

Cap Rate

9.24%

PREMISES

3,700 SF

RENEWAL OPTIONS

3 x 3 Year Options

Lease Expiration

08/31/2028

Lease Type

Modified Gross

RENTAL INCREASES

2% at Each Option and 2% Each Year After

BROKERS

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