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2370 W Higgins Rd, Hoffman Estates, IL, 60169

Mission Pet Health
$11,286,782

Key Information

Cap Rate
6.65%
$ per SF
$382
Term Remaining
11 Yrs
Type
Healthcare

Highlights

  • Stable Investment: There are ±11 years remaining on the NNN leases with 2% annual increases and one, five-year option to extend the lease.
  • Scheduled Rental Increases | Hedge Against Inflation: The leases feature 2% annual rental escalators, providing a future owner  with a boost in cash flow and a hedge against inflation throughout the life of their investment.
  • 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.
  • 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.
  • 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.

Photos

Location

Agents

Broker of Record

Matthew M. Fitzgerald

License # 478027547 (IL), 938105-91 (WI)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203