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Thrive Pet Healthcare - Oak Lawn, IL 99701 S Cicero Ave 2,084 SF Retail Building Oak Lawn, IL 60453 $2,050,845 CAD ($984.09 CAD/SF) 6.71% Cap Rate
Investment Highlights
- The U.S. veterinary services industry generated more than $36 billion in revenue in 2024 and is projected to exceed $68 billion by 2033.
- Thrive Pet Healthcare is a leading national veterinary platform operating 400+ clinics across 37 states; founded in 2003 and headquartered in Austin.
- The lease includes 10% rental increases every 5 years, including option periods, offering predictable income growth and long-term protection.
- Lease responsibilities are limited to foundation, roof, exterior walls, and structural components.
- The property is located within a strong infill corridor with over 180,000 residents within a 3-mile radius.
Executive Summary
In Cooperation With Sands Investment Group Illinois, LLC - Lic. #481013714 BoR: Andrew Ackerman - Lic. IL #471021429
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Health Care and Social Assistance
- 2,084 SF
- $66.05 CAD
- Double Net
- Jun 2031
Thrive Pet Healthcare – is operating under the national Thrive Pet Healthcare brand. Founded in 2003, the organization now comprises over 400 clinics across the U.S., offering primary, specialty, and emergency veterinary services. The Austin location provides comprehensive care including wellness exams, vaccinations, diagnostics, surgery, and end-of-life support. Staffed by Fear Free®-certified teams, the clinic focuses on creating a low-stress environment. As part of a large network, the Austin clinic benefits from centralized platform tools, a membership program (Thrive Plus), and coordinated clinical standards. Real estate and facility operations are managed locally alongside Thrive’s strategic leadership.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | 2,084 SF | $66.05 CAD | Double Net | Jun 2031 |
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $50,860 CAD | |
| Land Assessment | $58,943 CAD | Total Assessment | $109,803 CAD |
Property Taxes
Presented by
Thrive Pet Healthcare - Oak Lawn, IL | 99701 S Cicero Ave
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