Abbott Laboratories

The Abbott Laboratories facility is a 131,341 square foot office and research building located in Waukegan, Illinois within the Chicago metropolitan area. The two-story property sits on approximately 11.5 acres and includes 760 parking spaces, providing a parking ratio of 5.8 spaces per 1,000 square feet. Originally constructed in 1980 and renovated in 2005 and 2023, the property supports Abbott’s research and operational functions and is located less than two miles from the company’s global headquarters.

Abbott Laboratories is an AA- rated Fortune 200 healthcare company operating across diagnostics, medical devices, nutrition, and pharmaceuticals. The company has occupied the property for nearly two decades and recently invested more than $3.8 million into facility improvements, reinforcing the location’s role within its regional operations.

The property is 100 percent leased to Abbott Laboratories under a NN+ lease structure with a remaining lease term through 2032. Abbott’s long-term occupancy, recent capital investment, and proximity to its headquarters position the asset as an important operational facility while providing Sentinel with durable in-place income and flexibility around long-term ownership.