BluePearl Animal Hospital
- Price: $2,681,481
- Cap Rate: 6.75%
- Years Remaining: 9
- Rentable Area: 4,640 SF
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BluePearl Animal Hospital
Skokie, IL
Investment Highlights
- Sales Price: $2,681,481
- Cap Rate: 6.75%
- Years Remaining: 9
- Lot Size: 0.23 Acres
- Market: Skokie, IL
Contact Broker
Brian Wine
Description
The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in an NNN leased, freestanding, BluePearl Animal Hospital investment property located in Skokie, Illinois. The Tenant, BluePearl, has over 9 years remaining in their initial term with 2 (5-Year) options to extend. The lease features annual rental increases of 1.5%. The lease is triple net with limited landlord responsibilities of Building insurance after the first year, making it an ideal, low-management investment opportunity for a passive investor.
Location
BluePearl Animal Hospital is strategically located off of Dempster Street, a major thoroughfare of the Skokie street-grid pattern, which benefits from a strong daily traffic presence of over 21,200 daily vehicles. The location has superior visibility via significant street frontage and a monument sign facing the street. The hospital is less than 18 miles from downtown Chicago. Locally, the area is supported by an array of shopping options including two Targets, a Sam’s Club, and Trader Joe’s in the immediate vicinity. As of the 2020 census, Skokie’s population was 67,824. The 5-mile trade area is strongly supported by a population of 513,136 and 188,810 daytime employees with an affluent average household income of $117,910.
