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Mission Pet Health 471-479 Briargate Dr 5,500 SF 100% Leased Retail Building South Elgin, IL 60177 $2,744,478 CAD ($499.00 CAD/SF) 7% Cap Rate
Investment Highlights
- Stable Investment – There are just under 10 years remaining on the NNN lease featuring built-in annual rent bumps of 2% annually
- Scheduled Rental Increases | Built-In Inflation Protection – The lease includes annual rent escalations of 2%, ensuring steady growth in cash flow
- National Platform Operator – Mission Pet Health is one of the largest and most established veterinary platforms in the industry
- Prime Location – 477 Briargate Drive is strategically located in South Elgin, Illinois within the Chicago MSA, offering strong visibility
- Healthcare Real Estate | Recession Resistant Property – Veterinary hospitals are extremely sought-after investments
- Tenant Investment in Location – Pet hospitals rarely relocate due to the difficulty of retaining the same patients in a new location
Executive Summary
Broker of Record
Matthew M. Fitzgerald
License # 471021676, 478027547 (IL)
Matthews Real Estate Investment Services, Inc
600 W Fulton, Ste 100 Chicago, IL 60661
(866) 889-0550
Matthew M. Fitzgerald
License # 471021676, 478027547 (IL)
Matthews Real Estate Investment Services, Inc
600 W Fulton, Ste 100 Chicago, IL 60661
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,500 SF
Building Class
B
Year Built
2005
Price
$2,744,478 CAD
Price Per SF
$499.00 CAD
Cap Rate
7%
NOI
$192,113 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
1.01 AC
Zoning
COM
Parking
42 Spaces (7.64 Spaces per 1,000 SF Leased)
Frontage
172’ on Thornwood Ave
Amenities
- 24 Hour Access
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Animal Care Clinic South Elgin
- Professional, Scientific, and Technical Services
- -
- -
- -
- Thornwood Neurology
- Health Care and Social Assistance
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Animal Care Clinic South Elgin | Professional, Scientific, and Technical Services | - | - | - | ||
| Thornwood Neurology | Health Care and Social Assistance | - | - | - |
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 09-05-278-007 | Improvements Assessment | $566,146 CAD |
| Land Assessment | $275,570 CAD | Total Assessment | $841,716 CAD |
Property Taxes
Parcel Number
09-05-278-007
Land Assessment
$275,570 CAD
Improvements Assessment
$566,146 CAD
Total Assessment
$841,716 CAD
Contacts
-
Andrew Evans -
Michael Moreno -
Rahul Chhajed -
Matthews Real Estate Investment Services
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Mission Pet Health | 471-479 Briargate Dr
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