MVP - Companion Animal Hospital
- Price: $1,206,867
- Cap Rate: 6.00%
- Years Remaining: 14
- Rentable Area: 3,617 SF
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MVP - Companion Animal Hospital
Mount Prospect, IL
Investment Highlights
- Sales Price: $1,206,867
- Cap Rate: 6.00%
- Years Remaining: 14
- Lot Size: 0.47 Acres
- Market: Mount Prospect, 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, Companion Animal Hospital of Mount Prospect investment property located in Mount Prospect, Illinois. The Tenant, Mission Veterinary Partners, has over 14 years remaining in their initial term with one 5-Year option to extend. The lease features annual CPI increases with a maximum CPI of 2.5%. The lease is a triple net with limited landlord responsibilities of roof, foundation, and structure, making it an ideal, low-management investment opportunity for a passive investor. Founded in 2017, MVP is a veterinary services organization providing care for millions of pets across the country. Their mission is to be the employer of choice in veterinary medicine.
Location
Companion Animal Hospital is strategically located on E Camp McDonald Road. The site benefits from superior visibility via significant street frontage and a monument situated along E Camp McDonald Road. It shares this busy Mt Prospect area with national tenants such as Costco, Marshalls, McDonalds, Texas Roadhouse, and TJ Maxx. The location benefits from the frequent street traffic of E Camp McDonald and N River Road, which see over 4,800 and 13,000 vehicles, respectively, daily. The 5-mile trade area is supported by a population of 314,988 and 192,046 daytime employees with an affluent average household income of $125,336.
