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BluePearl Pet Hospital 3735 Dempster St 4,640 SF Retail Building Skokie, IL 60076 $2,613,700 ($563.30/SF) 7.35% Cap Rate
Investment Highlights
- 100% leased to BluePearl Operations, LLC with established veterinary hospital tenancy
- 1.50% annual rental increases providing consistent contractual revenue growth
- Located in Skokie, ~12 miles north of Downtown Chicago with access to I-94 and US-41
- NNN lease with tenant responsible for roof and structure, reducing landlord responsibilities
- Two (5-year) renewal options providing potential for extended occupancy
- 516,971 residents within 5 miles; avg. household income of ~$157,764
Executive Summary
Broker Of Record
Matthew M. Fitzgerald
Matthews Real Estate Investment Services, Inc
471021676, 478027547 (IL)
600 W Fulton, Ste 100 Chicago, IL 60661 (866) 889-0550
Matthew M. Fitzgerald
Matthews Real Estate Investment Services, Inc
471021676, 478027547 (IL)
600 W Fulton, Ste 100 Chicago, IL 60661 (866) 889-0550
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,640 SF
Building Class
C
Year Built
1974
Price
$2,613,700
Price Per SF
$563.30
Cap Rate
7.35%
NOI
$192,107
Tenancy
Single
Building Height
1 Story
Building FAR
0.46
Lot Size
0.23 AC
Zoning
B-2; Skokie
Very walkable
80/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 10-23-104-050-0000 | Improvements Assessment | $103,513 |
| Land Assessment | $63,238 | Total Assessment | $166,751 |
Property Taxes
Parcel Number
10-23-104-050-0000
Land Assessment
$63,238
Improvements Assessment
$103,513
Total Assessment
$166,751
Contacts
-
Andrew Evans -
Michael Moreno -
Rahul Chhajed -
Matthews Real Estate Investment Services
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