2565 Algonquin Rd, Algonquin, IL 60102 For Sale

Stable Investment: There are just over ±11 years remaining on the NNN lease featuring built-in annual rent bumps of 3% annually and two (2), five (5) year options to extend the lease.

Scheduled Rent Increase | Built-In Inflation Protection: The lease includes annual rent escalations of 3%, ensuring steady growth in cash flow and a natural hedge against inflation for the future owner.

Healthcare Real Estate | Recession Resistant Property: Veterinary hospitals are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends that affect traditional retail properties.

Prime Location: The ±5,037 SF practice is ideally located along Greer Boulevard, offering excellent visibility and easy access to transportation routes, including I-90 and IL-31.

Comprehensive Services | Multi-Doctor Location: Dundee Animal Hospital offers a range of veterinary services, including wellness and preventative care, dentistry, microchipping, diagnostics, surgeries, mobile vet service and 24/7 emergency care. Its diverse revenue streams provide stability and potential for growth in various service areas.

Tenant Investment in Location: Pet hospitals rarely relocate due to the difficulty of retaining the same patients in a new location and the high costs associated with moving and build-outs.

Concentrated Corridor: The property is surrounded by a mix of residential communities, schools, parks, hospitals, and major retailers, including Target, Walmart Supercenter, Trader Joe’s, Costco Wholesale, The Home Depot, Harry D Jacobs High School and Advocate Sherman Outpatient Center all just ±2 miles away.

Very Passive Lease Structure: There are minimal landlord responsibilities throughout the lease term, offering a passive investment for both local and national investors.

Robust Growth Industry: The global veterinary services market size is expected to reach $142 Billion by 2025, with a CAGR of 5.6% during that period.