Heartland Veterinary Partners - Pontiac, IL
Retail | 8.75% CAP | 4,821 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 4,821-square-foot property, located at 1800 E Howard St Pontiac, IL generates $43,464 in net operating income and features ±3.5 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 two (2) 5-year extension options, providing additional lease security and potential income stability.
Broker of Record: Jaime Fink - License # IL-471.010204
Investment highlights
Only veterinary clinic within 9 miles
Pet Ownership: 58% of households with pets in the area
Income Demographics: $93,000+ 1-mile average household income
Airport Proximity: 3 miles from Pontiac Municipal Airport
Limited landlord responsibilities
Prime location in Pontiac, IL; strategic for healthcare industry growth
WALT of 3.5 years offers secure income stream
Value-add potential; consider strategic upgrades to enhance property value
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