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Mission Pet Health 230 Stonegate Rd 7,200 SF Retail Building Algonquin, IL 60102 $2,523,613 ($350.50/SF) 7% Cap Rate
Investment Highlights
- Stable Investment – There are just under 10 years remaining on the NNN lease featuring built-in annual rent bumps of 2% annually
- Scheduled Rental Increases | Built-In Inflation Protection – The lease includes annual rent escalations of 2%, ensuring steady growth in cash flow
- National Platform Operator – Mission Pet Health is one of the largest and most established veterinary platforms in the industry
- Prime Location – 230 Stonegate Drive is strategically located in Algonquin, Illinois within the Chicago MSA, offering strong visibility
- Healthcare Real Estate | Recession Resistant Property – Veterinary hospitals are extremely sought-after investments
- Tenant Investment in Location – Pet hospitals rarely relocate due to the difficulty of retaining the same patients in a new location
Executive Summary
Broker of Record
Matthew M. Fitzgerald
License # 471021676, 478027547 (IL)
Matthews Real Estate Investment Services, Inc
600 W Fulton, Ste 100 Chicago, IL 60661
(866) 889-0550
Matthew M. Fitzgerald
License # 471021676, 478027547 (IL)
Matthews Real Estate Investment Services, Inc
600 W Fulton, Ste 100 Chicago, IL 60661
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
7,200 SF
Building Class
C
Year Built
1998
Price
$2,523,613
Price Per SF
$350.50
Cap Rate
7%
NOI
$176,653
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.08 AC
Parking
20 Spaces (2.78 Spaces per 1,000 SF Leased)
Frontage
95’ on Stonegate Rd
Amenities
- Pylon Sign
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Animal Care Clinic
- Professional, Scientific, and Technical Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Animal Care Clinic | Professional, Scientific, and Technical Services | - | - | - |
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
20/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 19-29-354-001 | Improvements Assessment | $184,994 |
| Land Assessment | $46,249 | Total Assessment | $231,243 |
Property Taxes
Parcel Number
19-29-354-001
Land Assessment
$46,249
Improvements Assessment
$184,994
Total Assessment
$231,243
Contacts
-
Andrew Evans -
Michael Moreno -
Rahul Chhajed -
Matthews Real Estate Investment Services
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Mission Pet Health | 230 Stonegate Rd
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