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Single-Tenant Office Medical

Emergency Vet Services of Lisle | CVP

820 Ogden Ave, Lisle, IL 60532

Listing Price: $1,152,000

Cap Rate
7.00%
Tenant Name
Community Vet Partners
Years Remaining On Lease
12.7
Guarantor
Subsidiary of a Corporation
Rentable SF
3,524
Lease Type
Double Net
Rent Per Square Feet
$22.88

Investment Overview

Marcus & Millichap is Pleased to Present the Emergency Veterinary Services of Lisle Located in Lisle, Illinois (Chicago-Naperville-Elgin MSA). The Single Tenant Animal Hospital is 100% Leased to the National Veterinary Service Provider, Community Veterinary Partners (CVP). The Emergency Vet Hospital has Served the Lisle Community for Over Ten Years, and CVP has Practiced Since 2023. CVP Currently has 13.8 Years Remaining on the Original Fifteen-Year Lease with Two, 5 Year Renewal Options and One, 4.11 Year Renewal Option. Since COVID-19, Studies Show Over 23 Million American Households got Pets. Veterinary Practices were Deemed Essential Through the Pandemic and Continue to Grow as Safe and Secure Investments. CVP was Founded in 2009, and Currently have Over 125 Veterinary Locations in 17+ States. CVP is Owned by Private Equity Group OMERS, who invests in multiple sectors such as Healthcare, Business Services, Industrials, Technology and Software. OMERS Private Equity Currently has Over $23.2 Billion Assets Under Management and Owns Other Large Name Companies like Caliber Collision, Gastro Health, Network Plus and more. The 1976 Developed Emergency Vet Hospital Stands at 3,524 Square Feet and Requires Minimal Landlord Obligation Under the Double-Net (NN) Lease. Four Practicing Veterinarians Provide Comprehensive Emergency Services for Pets who Need Care when Other’s Cant. Services Include Emergency Care, Diagnostics, Surgery, Transfers/Referrals, End-of-Life Care and more. The Vet Hospital is Strategically Located in the Chicago-Naperville-Elgin MSA with Strong Demographics. Within a 5 Mile Radius, the Average Household Income Exceeds $149,000 with 261,510 People Residing. Additionally, the Median Home Value is $431,341.

Investment Highlights

  • 13.8 Years of Term Remaining With Two, 5 Year Renewal Options and One, 4.11 Year Renewal Option
  • Double-Net (NN) Lease Features 2% Annual Rent Increases and a Multi-Unit Subsidiary Guarantee
  • Located in the Chicago-Naperville-Elgin MSA. Median Home Value Exceeds $431,000 within a 5-Mile Radius of Building

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Financing By

Single-Tenant Office Medical

Emergency Vet Services of Lisle | CVP

Listing Price: $1,152,000

Cap Rate
7.00%
Tenant Name
Community Vet Partners
Years Remaining On Lease
12.7
Guarantor
Subsidiary of a Corporation
Rentable SF
3,524
Lease Type
Double Net
Rent Per Square Feet
$22.88

Investment Highlights

  • 13.8 Years of Term Remaining With Two, 5 Year Renewal Options and One, 4.11 Year Renewal Option
  • Double-Net (NN) Lease Features 2% Annual Rent Increases and a Multi-Unit Subsidiary Guarantee
  • Located in the Chicago-Naperville-Elgin MSA. Median Home Value Exceeds $431,000 within a 5-Mile Radius of Building

Investment Overview

Marcus & Millichap is Pleased to Present the Emergency Veterinary Services of Lisle Located in Lisle, Illinois (Chicago-Naperville-Elgin MSA). The Single Tenant Animal Hospital is 100% Leased to the National Veterinary Service Provider, Community Veterinary Partners (CVP). The Emergency Vet Hospital has Served the Lisle Community for Over Ten Years, and CVP has Practiced Since 2023. CVP Currently has 13.8 Years Remaining on the Original Fifteen-Year Lease with Two, 5 Year Renewal Options and One, 4.11 Year Renewal Option. Since COVID-19, Studies Show Over 23 Million American Households got Pets. Veterinary Practices were Deemed Essential Through the Pandemic and Continue to Grow as Safe and Secure Investments. CVP was Founded in 2009, and Currently have Over 125 Veterinary Locations in 17+ States. CVP is Owned by Private Equity Group OMERS, who invests in multiple sectors such as Healthcare, Business Services, Industrials, Technology and Software. OMERS Private Equity Currently has Over $23.2 Billion Assets Under Management and Owns Other Large Name Companies like Caliber Collision, Gastro Health, Network Plus and more. The 1976 Developed Emergency Vet Hospital Stands at 3,524 Square Feet and Requires Minimal Landlord Obligation Under the Double-Net (NN) Lease. Four Practicing Veterinarians Provide Comprehensive Emergency Services for Pets who Need Care when Other’s Cant. Services Include Emergency Care, Diagnostics, Surgery, Transfers/Referrals, End-of-Life Care and more. The Vet Hospital is Strategically Located in the Chicago-Naperville-Elgin MSA with Strong Demographics. Within a 5 Mile Radius, the Average Household Income Exceeds $149,000 with 261,510 People Residing. Additionally, the Median Home Value is $431,341.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

Financing By

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