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2021 2400th Street, Atlanta, IL, 61723

TIMBERCREST VETERINARY SERVICE
Closed

Key Information

Tot. SF
12,419
Type
Healthcare
Leasable Area
12,419

Highlights

INVESTMENT HIGHLIGHTS

  • STABLE INVESTMENT – There are just under 6 years remaining on the NNN lease with 2% annual increases and three, 5-year options to extend the lease.
  • SCHEDULED RENTAL INCREASES | HEDGE AGAINST INFLATION – The lease features 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.
  • TRUSTED PROVIDER – CareVet supports over 200 veterinary hospitals across 35+ states, earning trust through a commitment to high-quality care, team well-being, and professional development for its 2,500+ employees, including 500+ veterinarians.
  • 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 Keokuk Street property offers convenient access to a broad selection of surrounding services and destinations. Within a ±3-mile radius, the area features a mix of residential communities, schools, parks, offices, and major retailers like Walmart Supercenter, CVS, Heritage Plaza Shopping Center, Logan County Airport, Washington-Monroe Elementary, Lincoln Dental Center, and Kickapoo Creek Park.
  • 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)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203