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32468244
32468245

204 N MAIN ST, CHATHAM, IL 62629-1375

DD
TX 656858
Marcus & Millichap - Austin
Marcus & Millichap - Austin
Listed by Marcus & Millichap - Austin
$665,000
24 days on market
Updated 24 days ago

Grace Veterinary Clinic (Thrive Pet Healthcare)

Details
APN 29070301029
Property Type Retail, Office
Sub Type Storefront, Medical Office
Square Footage 2,000
Units 1
Cap Rate 8.51%
NOI $56,600
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Term 10
Lease Expiration 09/16/2029
Remaining Term 3.3
Rent Bumps Yes
Lease Options Four (4), 5-Year Options
Price per SqFt $333
Year Built 1988
Year Renovated 2023
Acreage 0.130
Parking Spaces spaces
Tenant Credit Corporate Guarantee
Lease Commencement 09/16/2019
Ground Lease No
Ownership Fee Simple

Pet Healthcare | Bite-Sized Price Point | High-Income Area

Investment highlights

Best In Class Tenant - Corporate guarantee by Thrive Pet Healthcare, a veterinary practice management group with over 400 animal hospitals across the United States.

Recently Remodeled - This location went through a full interior remodel in 2023, including a new HVAC unit.

Veterinary Market Growth - The U.S Veterinary Market had an estimated revenue of over $36 billion in 2024 (Grand View Research). It is expected to reach over $68 billion by 2033.

High-Income Area - The 1-mile average household income is ±$118,000. The 3 & 5-mile average household income both exceed $130,000.

Little Competition in Area - Grace Veterinary Clinic is one of three veterinary clinics within 5 miles, ensuring this location has ample customer base and little competition.

Listing Contacts

DD
TX 656858
Marcus & Millichap - Austin
Marcus & Millichap - Austin
Listed by Marcus & Millichap - Austin

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$56,600.00
$4,716.67/mo

Valuation Metrics

0
DSCR
8.51%
Cap Rate
8.51%
ROI

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Additional Information

Name
Steven Weinstock
License
IL 471.011175
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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