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Community Veterinary Partners | +11 Years 2565 Algonquin Rd 5,034 SF Retail Building Algonquin, IL 60102 $2,853,830 ($566.91/SF) 6.75% Cap Rate
Investment Highlights
- NNN Lease with ±11.47 Years Remaining and 3% Annual Rent Increases for Built-In Inflation Protection.
- Prime Signalized Corner Location with ±65,900 Vehicles Per Day and Excellent Visibility.
- Diverse Revenue Streams from General Practice, Dentistry, Diagnostics, and 24/7 Emergency Care.
- Single-Tenant Veterinary Hospital Operated by Community Veterinary Partners, a Leading National Operator.
- Very Passive Lease Structure with Minimal Landlord Responsibilities Throughout the Term.
- Surrounded by Major Retailers Including Target, Walmart, Trader Joe’s, and Costco Within 2 Miles.
Executive Summary
Broker of Record
Matthew M. Fitzgerald
License # 478027547, 471021676 (IL)
Matthews Real Estate Investment Services, Inc
600 W Fulton, Ste 100 Chicago, IL 60661
(866) 889-0550
Matthew M. Fitzgerald
License # 478027547, 471021676 (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
5,034 SF
Building Class
C
Year Built
1996
Price
$2,853,830
Price Per SF
$566.91
Cap Rate
6.75%
NOI
$192,634
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
Nearby Major Retailers
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
Contacts
-
Andrew Evans -
Rahul Chhajed -
Michael Moreno -
Matthews Real Estate Investment Services
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Community Veterinary Partners | +11 Years | 2565 Algonquin Rd
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