Hanger Clinic | Peoria, IL
Sands Investment Group is pleased to exclusively offer for sale the 8,000 SF Hanger Clinic Modified Gross Asset located at 311 West Romeo B. Garrett Avenue in Peoria, IL. This deal includes a prime medical office location with a strong tenant. Founded in 1861, Hanger Clinic is one of the oldest providers of orthotic and prosthetic services in the United States, with over 900 locations, providing for a secured investment.
Prime Medical Office Location:
- Less than a mile from the Order of Saint Francis (OSF) Medical Center, one of the largest healthcare facilities in the state; the hospital employs over 7,000 individuals and typically sees 1,200-1,500 patients daily
- Less than half a mile from Interstate 74 (1-74), a significant thoroughfare through the center of Peoria
Strong Tenant:
- Founded in 1861, Hanger Clinic is one of the oldest providers of orthotic and prosthetic services in the United States, with over 900 locations nationwide
- Acquired in 2022 by California private equity firm Patient Square Capital for roughly $1.25 billion. PSC is known for its deep expertise in the healthcare industry, with over $6 billion in assets under management (AUM)
Prosthetics Industry Growth:
- Prosthetics and orthotics market size was valued at USD 6.76 billion in 2023; the market is anticipated to grow from USD 7.04 billion in 2024 to USD 9.84 billion by 2032, exhibiting a CAGR of 4.3% during the forecast period
Passive LeaseStructure:
- Tenant reimburses expenses monthly outside of structural components
In Cooperation With Sands Investment Group Illinois, LLC – Lic. #481013714 BOR: Andrew Ackerman Lic. IL #471021429
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