260 N 11th St - Office FOR SALE


Monmouth, IL 61462
$396,423 USD
323-609-4405
260 N 11th St, Monmouth, IL for Sale
$396,423 USD
Office - FOR SALE
1/2
null | 8.5% Cap Rate

260 N 11th St
Monmouth, IL 61462


HIGHLIGHTS

  • 3 YEARS REMAINING | REPUTABLE OPERATOR
  • EXCELLENT VISIBILITY | LOCATED OFF N 11TH STREET | LOCATED ALONG MAJOR THOROUGHFARE
  • STRONG DEMOGRAPHICS IN 5-MILE TRADE AREA | HIGH BARRIERS TO ENTRY SUBMARKET
  • LIMITED LANDLORD RESPONSIBILITIES | LOW-MANAGEMENT

OVERVIEW

TWG is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NNN leased, freestanding, Monmouth Small Animal Hospital investment property located in Monmouth, IL. The Tenant, Heartland Veterinary Partners, recently exercised its option to extend the lease for 3 years, showing its commitment to the location and has 1 (one) 3-year option to extend. The lease is a triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Heartland Veterinary Partners is a veterinary management company that aims to support veterinary practices and their owners. The company was founded in 2017 and is headquartered in Chicago, Illinois, with offices in various locations across the United States. Monmouth Small Animal Hospital is strategically located on N 11th Street. The site benefits from superior visibility via significant street frontage and a facade sign situated along N 11th Street. It shares this busy Monmouth area with businesses like Walgreens, Subway, and Save-a-Lot. The location benefits from the street traffic of N 11th Street, which sees 3,455 vehicles daily. The 5-mile trade area is supported by a population of 9,751 and 4,207 daytime employees with an average household income of $103,113.

FOR SALE DETAILS

PRICE

$396,423 USD

PRICE/SF

$122 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Monmouth Small AH | NNN | 3 Years

PROPERTY TYPE

Office

ADD'L SUBTYPES

Veterinarian/Kennel, Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,254 SF

ZONING

SFR

APN/PARCEL ID

09-545-002-00

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.