2565 Algonquin Rd | Algonquin, IL 60102
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- LoopNet Team
2565 Algonquin Rd
Algonquin, IL 60102
Community Veterinary Partners · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Very Passive Lease Structure – The landlord’s responsibilities are limited to the utility and service lines, foundation, and septic tanks.
- Practice Acquired by National Veterinary Operator – In August of 2022, Community Veterinary Partners acquired each of these practices
- E-Commerce & Recession-Resistant Property – Veterinary properties are extremely sought-after investments
- Attractive Annual Increases – The lease has 3% annual rental increases built into the Primary Term and Options
- Tenant Investment in Location – Veterinary Clinics rarely relocate due to difficulty retaining the same patients in a new location
PROPERTY FACTS
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
5,034 SF
Building Class
C
Year Built
1996
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.87 AC
Parking
20 Spaces (3.97 Spaces per 1,000 SF Leased)
Frontage
103’ on Algonquin Rd
AMENITIES
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 19-30-426-023 | Improvements Assessment | $253,853 |
| Land Assessment | $102,413 | Total Assessment | $356,266 |
PROPERTY TAXES
Parcel Number
19-30-426-023
Land Assessment
$102,413
Improvements Assessment
$253,853
Total Assessment
$356,266
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