Caravel Autism Therapy

The Property is located at 2323 Fargo Boulevard in Geneva, Illinois, just off South Randall Road, one of the area’s primary commercial corridors with traffic counts of approximately 31,400 vehicles per day. Geneva is an established and affluent Fox Valley market supported by a strong demographic profile, including a median household income of approximately $144,341 and a highly educated residential base, with 63.8% of residents holding a bachelor’s degree or higher. The area benefits from a strong retail presence, with Geneva’s broader commercial base featuring more than 100 retail shops, 75 restaurants, three hotels/inns, and multiple annual festivals that draw consumers from throughout the region. The Property is well positioned for a healthcare services user seeking visibility, accessibility, and proximity to established consumer traffic drivers. Located within one of Geneva’s primary retail nodes, the surrounding trade area features a critical mass of national retailers that reinforces the corridor’s long-term commercial appeal and provides a convenient destination for patients, families, employees, and visitors. Neighboring retailers include Target, Jewel-Osco, Trader Joe's, ALDI, The Home Depot, Best Buy, PetSmart, Ross Dress for Less, Sierra, Dick’s Sporting Goods, and Fresh Thyme Market, among many others.2323 Fargo Boulevard presents investors with the opportunity to acquire a 14,452-square-foot, single-tenant freestanding healthcare services asset in Geneva, Illinois, occupied by Caravel Autism Health, a specialized provider of autism diagnostic evaluations and ABA therapy for children. The Property is operated under a net lease structure, with tenant responsibility for real estate taxes, operating expenses, utilities, and certain shared easement maintenance costs, providing investors with a passive income profile and limited landlord expense exposure. Caravel has occupied the Property since 2021 and recently extended its lease through May 31, 2029, with two additional three-year renewal options remaining, demonstrating continued commitment to the location. Situated just off South Randall Road (~31,400 VPD), the Property benefits from proximity to one of Geneva’s primary commercial corridors, surrounded by a strong retail presence that drives consistent consumer traffic and reinforces the area’s long-term real estate fundamentals. With contractual rent growth, a specialized service-based tenant, and a net lease structure in place, the offering provides investors with stable in-place cash flow backed by a mission-critical healthcare/education use in an established, high-income Fox Valley trade area. Neighboring retailers include Target, Jewel-Osco, ALDI, The Home Depot, Best Buy, PetSmart, Ross Dress for Less, Sierra, Dick’s Sporting Goods, and Fresh Thyme Market.