Caravel Autism Therapy

Investment Overview

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.

Investment Highlights

• Net Lease Structure: Tenant is responsible for real estate taxes, operating expenses, utilities, and certain shared easement maintenance costs, limiting landlord expense exposure
• Lease features scheduled rent increases through the remaining term, providing investors with growing in-place cash flow
• Situated just off South Randall Road (~31,400 VPD), the Property benefits from proximity to one of Geneva’s primary commercial corridors and a strong surrounding retail presence