40W089 Highway 64 - Retail FOR SALE


Saint Charles, IL 60175
$425,135 USD
323-609-4405
40W089 Highway 64, Saint Charles, IL for Sale
$425,135 USD
Retail - FOR SALE
1/3
null | 7.79% Cap Rate

40W089 Highway 64
Saint Charles, IL 60175


HIGHLIGHTS

  • MORE THAN 7 YEARS REMAINING | ANNUAL RENTAL INCREASES | REPUTABLE OPERATOR
  • EXCELLENT VISIBILITY | LOCATED OFF IL-64 | 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, Campton Animal Clinic investment property located in St. Charles, Illinois. The Tenant, VetCor, has over 7 years remaining in their initial term with 2 (two) 5-year options to extend. The lease features annual rental increases of 2%. The lease is a NNN net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Established in 1997, Vetcor has constructed a community-centric veterinary services company that supports over 845 practices across the United States and Canada. Campton Animal Clinic is strategically located on IL-64. The site benefits from superior visibility via significant street frontage and a facade sign situated along IL-64. It shares this busy St. Charles area with businesses like Shell, McDonalds, and Subway. The location benefits from the frequent street traffic of IL-64, which sees 14,297 vehicles daily. The 5-mile trade area is supported by a population of 67,275 and 20,812 daytime employees with an average household income of $285,383.

FOR SALE DETAILS

PRICE

$425,135 USD

PRICE/SF

$298 USD /SF

CAP RATE

7.79%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Campton Animal Clinic | NNN | 7 Years

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Veterinarian/Kennel, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

08-23-281-024

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.