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Peotone Animal Hospital 431 S Governors Hwy 3,214 SF Retail Building Peotone, IL 60468 $1,349,618 ($419.92/SF) 7.50% Cap Rate
Investment Highlights
- Stable Investment – There are just under ±10 years remaining on the NNN lease with annual increases and two, seven-year options to extend the lease
- Healthcare Real Estate | Recession Resistant Property – Veterinary hospitals are extremely sought-after investments for their resistance to downturns
- Comprehensive Services | Multi-Doctor Location – Peotone Animal Hospital offers a range of veterinary services, including dentistry and more
- Scheduled Rental Increases | Hedge Against Inflation – The lease features annual rental escalators
- Prime Location – The ±3,214 SF practice is ideally located along Governors Hwy, offering excellent visibility and easy access to transportation routes
- Robust Growth Industry – The global veterinary services market size is expected to reach $142 Billion by 2025, with a CAGR of 5.6% during that period
Executive Summary
Matthew M. Fitzgerald
License # 478027547 (IL)
Matthews Real Estate Investment Services
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # 478027547 (IL)
Matthews Real Estate Investment Services
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
3,214 SF
Building Class
C
Year Built
1990
Price
$1,349,618
Price Per SF
$419.92
Cap Rate
7.50%
NOI
$101,221
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.86 AC
Parking
33 Spaces (10.27 Spaces per 1,000 SF Leased)
Frontage
284’ on South Governors Highway
Property Taxes
| Parcel Number | 17-20-24-418-011 | Improvements Assessment | $84,027 |
| Land Assessment | $94,647 | Total Assessment | $178,674 |
Property Taxes
Parcel Number
17-20-24-418-011
Land Assessment
$94,647
Improvements Assessment
$84,027
Total Assessment
$178,674
Contacts
-
Andrew Evans -
Michael Moreno -
Rahul Chhajed -
Matthews Real Estate Investment Services
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Peotone Animal Hospital | 431 S Governors Hwy
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