Sandstone Care | Darien, IL
Sands Investment Group is pleased to exclusively offer for sale the 6,412 SF Sandstone Care located at 8140 South Cass Avenue in Darien, IL. Sandstone Care has 6+ years remaining on the NNN lease, with 2% annual rent increases in the base lease term and option period. The single-tenant behavioral health care property is strategically located less than half a mile from Interstate 55, which has 155,000 VPD. Surrounded by dense residential neighborhoods boasting average household incomes over $150,000, this is a competitive medical office and recession-proof investment opportunity with strong real estate fundamentals.
- Passive NNN Lease Structure: Minimal landlord responsibilities.
- Corporate Guarantee: The lease is backed by The Vistria Group, a private equity fund focused on healthcare businesses, with $11.5 billion in assets under management.
- Industry Growth: The soaring demand for substance abuse treatment is projected to grow from USD 12.81 billion in 2023 to USD 36.83 billion by 2034, with a robust CAGR of 10.05%. Meanwhile, the U.S. behavioral health market, valued at USD 83.47 billion in 2022, is expected to reach USD 136.60 billion by 2032, expanding at a 5.1% CAGR.
- Recession-Resistant Tenant: Sandstone Care provides essential mental health and substance abuse healthcare services supported by major insurance plans, including Humana, Aetna, BlueCross BlueShield, Cigna, Kaiser, Anthem, and more.
- Strong Demographics: Affluent submarket with average household incomes exceeding $115,000 within a 1-mile radius and $150,000 within a 5-mile radius. The dense population includes more than 75,000 residents within a 3-mile radius and 203,463 residents within a 5-mile radius.
- Strategic Location: Directly off Interstate 55, providing a 30-minute drive to the center of the Chicago MSA.
- Respected Provider: Sandstone Care is a highly respected treatment provider with over 34 locations in 6 states, accredited by the National Association of Addiction Treatment Providers, the Substance Abuse and Mental Health Services Administration (SAMHSA), and the National Alliance on Mental Illness.
In Cooperation With Sands Investment Group Illinois, LLC – Lic. #481013714 BOR: Andrew Ackerman Lic. IL #471021429
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