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29797733
29797732

209 E 1st St, Janesville, MN 56048

KH
TX TX 755222
JLL Austin
JK
IL IL 475.202814
JLL Chicago | Americas Headquarters
Listed by JLL Austin, JLL Chicago | Americas Headquarters
$445,200
110 days on market
Updated 84 days ago

Heartland Veterinary Partners - Janesville, MN

Details
Property Type Special Purpose, Office
Sub Type Medical Office, Veterinary Clinic (+1)
Square Footage 2,457
Cap Rate 9.25%
NOI $41,184
Occupancy 100%
Tenancy Single
Lease Type NN+
Lease Expiration 10/31/2028
Remaining Term 2.4
Rent Bumps Yes
Lease Options 1 x 3 Years
Price per SqFt $181
Year Built 1964
Investment Type Net Lease

Corporate Vet Clinic | 9.25% CAP | 2,457 SqFt

Marketing description

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to offer for sale a freestanding veterinary clinic 100% leased to Heartland Veterinary Partners, representing a unique opportunity to acquire one of the last remaining single-tenant net lease properties tenanted by Heartland Veterinary Partners (the "Tenant"). The 2,457-square-foot property, located at 209 E. 1st St Janesville, Minnesota generates $41,184 in net operating income and features ±2.4 years of remaining net lease term backed by a corporate guarantee from a market-leading operator. The Tenant has demonstrated a strong operational history at this location and holds a 3-year extension option, providing additional lease security and potential income stability.

Broker of Record: Matt Hazelton - License # MN-20593136

Investment highlights

  • 58% of households with pets within 3-mile radius

  • $94,000+ 1-mile average household income

  • < 1 MI from MN-14 with access to Minneapolis

  • Limited landlord responsibilities

  • 100% occupancy ensures near-term cash flow stability.

  • 2,457 sqft established healthcare facility.

  • Strategically positioned in Janesville, MN.

  • Near-term WALT of 2.4 years offers investment renewal opportunity.

Listing Contacts

KH
TX TX 755222
JLL Austin
JK
IL IL 475.202814
JLL Chicago | Americas Headquarters
Listed by JLL Austin, JLL Chicago | Americas Headquarters

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$41,184.00
$3,432.00/mo

Valuation Metrics

0
DSCR
9.25%
Cap Rate
9.25%
ROI

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Additional Information

Name
Matt Hazelton
License
MN 20593136
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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