VetCor - Round Lake Animal Hospital
- Price: $3,100,000
- Cap Rate: 6.58%
- Years Remaining: 5
- Rentable Area: 6,500 SF
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VetCor - Round Lake Animal Hospital
Round Lake, IL
Investment Highlights
- Sales Price: $3,100,000
- Cap Rate: 6.58%
- Years Remaining: 5
- Lot Size: 0.41 Acres
- Market: Round Lake, 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, Round Lake Animal Hospital investment property located in Round Lake, Illinois. The Tenant, VetCor, has over 5 years remaining in their initial term with 3 5-year options to extend. The lease features annual increases of 2%. The lease is a triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. VetCor practices have been community institutions for generations and they intend to keep them that way. Their family of over 800 exceptional practices in 44 states reaches from coast to coast.
Location
Round Lake Animal Hospital is strategically located on IL-134. The site benefits from superior visibility via significant street frontage and a monument sign situated along IL-134. It shares this busy Round Lake area with businesses like CVS Pharmacy, Dunkin’, Chase Bank, and Kohl’s. The location benefits from the frequent street traffic of Fairfield Road, which sees 10,658 vehicles daily. The 5-mile trade area is supported by a population of 126,263 and 21,920 daytime employees with an average household income of $122,513.
