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99701 S Cicero Ave
Oak Lawn, IL 60453
Thrive Pet Healthcare - Oak Lawn, IL · Retail Property For Sale
Investment Highlights
- The U.S. veterinary services industry generated more than $36 billion in revenue in 2024 and is projected to exceed $68 billion by 2033.
- Thrive Pet Healthcare is a leading national veterinary platform operating 400+ clinics across 37 states; founded in 2003 and headquartered in Austin.
- The lease includes 10% rental increases every 5 years, including option periods, offering predictable income growth and long-term protection.
- Lease responsibilities are limited to foundation, roof, exterior walls, and structural components.
- The property is located within a strong infill corridor with over 180,000 residents within a 3-mile radius.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 2,084 SF Thrive Pet Healthcare located at 9701 S Cicero Avenue in Oak Lawn, Illinois. This offering features a highly passive, landlord-friendly lease structure, with responsibilities limited to the foundation, roof, exterior walls, and structural components providing investors with minimal management obligations and durable, predictable cash flow. Together, these attributes create a unique and compelling investment opportunity.
In Cooperation With Sands Investment Group Illinois, LLC - Lic. #481013714 BoR: Andrew Ackerman - Lic. IL #471021429
In Cooperation With Sands Investment Group Illinois, LLC - Lic. #481013714 BoR: Andrew Ackerman - Lic. IL #471021429
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,084 SF
Building Class
C
Year Built
2000
Price
$1,500,000
Price Per SF
$719.77
Cap Rate
6.71%
NOI
$100,672
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.40 AC
Zoning
C-3
Parking
11 Spaces (5.28 Spaces per 1,000 SF Leased)
Frontage
132’ on Cicero Ave
Property Taxes
| Parcel Numbers | Improvements Assessment | $37,086 | |
| Land Assessment | $42,980 | Total Assessment | $80,066 |
Property Taxes
Parcel Numbers
Land Assessment
$42,980
Improvements Assessment
$37,086
Total Assessment
$80,066
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