24431 IL-134 - Retail FOR SALE


Round Lake, IL 60073
$3,100,000 USD
323-609-4405
24431 IL-134, Round Lake, IL for Sale
$3,100,000 USD
Retail - FOR SALE
1/4
null | 6.58% Cap Rate

24431 IL-134
Round Lake, IL 60073


HIGHLIGHTS

  • MORE THAN 5 YEARS REMAINING | ANNUAL RENTAL INCREASES | REPUTABLE OPERATOR
  • EXCELLENT VISIBILITY | LOCATED OFF IL-134 | LOCATED ALONG MAJOR THOROUGHFARE
  • STRONG DEMOGRAPHICS IN 5-MILE TRADE AREA | HIGH BARRIERS TO ENTRY SUBMARKET
  • LIMITED LANDLORD RESPONSIBILITIES | LOW MANAGEMENT

OVERVIEW

We are pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NNN leased, freestanding, Round Lake Animal Hospital investment property located in Round Lake, Illinois. The Tenant, VetCor, has over 5 years remaining in their initial term with 3 5-year options to extend. The lease features annual increases of 2%. The lease is a triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. VetCor practices have been community institutions for generations and they intend to keep them that way. Their family of over 800 exceptional practices in 44 states reaches from coast to coast. Round Lake Animal Hospital is strategically located on IL-134. The site benefits from superior visibility via significant street frontage and a monument sign situated along IL-134. It shares this busy Round Lake area with businesses like CVS Pharmacy, Dunkin’, Chase Bank, and Kohl’s. The location benefits from the frequent street traffic of Fairfield Road, which sees 10,658 vehicles daily. The 5-mile trade area is supported by a population of 126,263 and 21,920 daytime employees with an average household income of $122,513.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$477 USD /SF

CAP RATE

6.58%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Round Lake Animal Hospital | NNN | 5 Years

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Veterinarian/Kennel, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,487 SF

ZONING

-

APN/PARCEL ID

06-19-401-004,06-19-401-005

ASK ABOUT THIS PROPERTY

Brian WineTWGREMore Info
323-609-4405

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Brian WineTWGREMore Info
323-609-4405

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.