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Community Veterinary Partners | +11 Years 2565 Algonquin Rd 5,034 SF Office Building Algonquin, IL 60102 $2,834,472 ($563.07/SF) 7% 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
Office
Building Size
5,034 SF
Building Class
C
Year Built
1996
Price
$2,834,472
Price Per SF
$563.07
Cap Rate
7%
NOI
$198,413
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,034 SF
Building FAR
0.15
Lot Size
0.78 AC
Parking
20 Spaces
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100
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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