HVP - Monmouth Small Animal Hospital
- Price: $374,399
- Cap Rate: 9.00%
- Years Remaining: 3
- Rentable Area: 3,253 SF
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Heartland Veterinary Partners
Monmouth Small Animal Hospital
Monmouth, IL
Investment Highlights
- Sales Price: $374,399
- Cap Rate: 9.00%
- Years Remaining: 3
- Lot Size: 0.34 Acres
- Market: Monmouth, 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 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.
Location
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.
