$1,647,328 USD
949-662-2256
2134 W Division St
Chicago, IL 60622
Wicker Park
HIGHLIGHTS
- Stable Investment: There are ±11.23 years remaining on the NNN leases with 2% annual increases and one, five-year option to extend the lease.
- Very Passive Lease Structure: There are minimal landlord responsibilities throughout the lease term, offering a passive investment.
- Scheduled Rental Increases | Hedge Against Inflation: The leases features 2% annual rental escalators.
- Healthcare Real Estate | Recession Resistant Property: Veterinary hospitals are extremely sought-after investments for their resistance to downturns.
- Comprehensive Services | Multi-Doctor Location: Companion Wicker Park provides high-quality general and urgent care for pets throughout the Chicago.
- 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.
FOR SALE DETAILS
PRICE
$1,647,328 USD
PRICE/SF
$659 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Mission Pet Health | Chicago MSA | NNN Lease
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Residential
ADD'L SUBTYPES
Veterinarian/Kennel, Medical
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1988
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.07 AC
LAND SF
3,049 SF
ZONING
-
APN/PARCEL ID
17-06-128-027-0000
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949-662-2256
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949-662-2256
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
