816-820 W Bartlett Rd
Bartlett, IL 60103 Far Northwest Suburban Cook

• Unit Size: 7,040 SF
• Condo Use: Medical Office
• Price: $1,605,000 USD
• Sale Type: Investment
• Price/SF: $227.98 USD

Sale Notes

This premier single-tenant net leased investment opportunity is located at 816/820 W. Bartlett Rd in the thriving community of Bartlett, Illinois. The property is fully occupied by Derick Dermatology, a leading provider of medical, surgical, and cosmetic dermatology services with a strong regional presence across Chicagoland. The tenant’s reputation for excellence and expansive network of 18 locations underscores the stability and long-term viability of this investment.
The asset offers investors a fee simple interest in a well-maintained condo property under a NNN lease structure, minimizing landlord responsibilities and ensuring predictable cash flow. With a current NOI of $120,245, a 7% cap rate, and built-in 3% annual rent escalations, this property delivers both immediate income and future growth potential. The lease extends through July 31, 2029, with two additional five-year renewal options, providing exceptional security and continuity.
Strategically positioned in Bartlett, the property benefits from strong demographics, convenient access to major thoroughfares, and proximity to residential neighborhoods that support consistent patient traffic. This is an ideal acquisition for investors seeking a stable, healthcare-oriented asset in a dynamic suburban market.