230 Stonegate Rd - Veterinarian/Kennel FOR SALE
Algonquin, IL 60102 |
$2,523,613 USD
949-662-2256
230 Stonegate Rd
Algonquin, IL 60102
HIGHLIGHTS
- Stable Investment – There are just under 10 years remaining on the NNN lease featuring built-in annual rent bumps of 2% annually
- Prime Location – 230 Stonegate Drive is strategically located in Algonquin, Illinois within the Chicago MSA, offering strong visibility
- Scheduled Rental Increases | Built-In Inflation Protection – The lease includes annual rent escalations of 2%, ensuring steady growth in cash flow
- Healthcare Real Estate | Recession Resistant Property – Veterinary hospitals are extremely sought-after investments
- National Platform Operator – Mission Pet Health is one of the largest and most established veterinary platforms in the industry
- Tenant Investment in Location – Pet hospitals rarely relocate due to the difficulty of retaining the same patients in a new location
FOR SALE DETAILS
PRICE
$2,523,613 USD
PRICE/SF
$567 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Mission Pet Health
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Veterinarian/Kennel
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1998
SPRINKLERS
-
PARKING SPACES
20
LAND DETAILS
LAND ACRES
1.08 AC
LAND SF
47,001 SF
ZONING
-
APN/PARCEL ID
19-29-354-001
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
949-662-2256
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
949-662-2256
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
