Single-Tenant Office Medical
Grace Veterinary Clinic (Thrive Pet Healthcare)
204 N Main, Chatham, IL 62629
Listing Price: $707,500
Cap Rate
8.00%
Tenant Name
Thrive Pet Healthcare
Years Remaining On Lease
3.6
Guarantor
Corporate Guarantee
Rentable SF
2,000
Lease Type
Double Net
Rent Per Square Feet
$28.30
Investment Overview
See Highlights
Grace Veterinary Clinic (Thrive Pet Healthcare)
Investment Highlights
- Best In Class Tenant - Corporate guarantee by Thrive Pet Healthcare, a veterinary practice management group with over 400 animal hospitals across the United States.
- Recently Remodeled - This location went through a full interior remodel in 2023, including a new HVAC unit.
- Veterinary Market Growth - The U.S Veterinary Market had an estimated revenue of over $36 billion in 2024 (Grand View Research). It is expected to reach over $68 billion by 2033.
- High-Income Area - The 1-mile average household income is ±$118,000. The 3 & 5-mile average household income both exceed $130,000.
- Little Competition in Area - Grace Veterinary Clinic is one of three veterinary clinics within 5 miles, ensuring this location has ample customer base and little competition.
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
Senior Managing Director, Market Leader - Chicago
Financing By
Single-Tenant Office Medical
Grace Veterinary Clinic (Thrive Pet Healthcare)
Listing Price: $707,500
Cap Rate
8.00%
Tenant Name
Thrive Pet Healthcare
Years Remaining On Lease
3.6
Guarantor
Corporate Guarantee
Rentable SF
2,000
Lease Type
Double Net
Rent Per Square Feet
$28.30
Investment Highlights
- Best In Class Tenant - Corporate guarantee by Thrive Pet Healthcare, a veterinary practice management group with over 400 animal hospitals across the United States.
- Recently Remodeled - This location went through a full interior remodel in 2023, including a new HVAC unit.
- Veterinary Market Growth - The U.S Veterinary Market had an estimated revenue of over $36 billion in 2024 (Grand View Research). It is expected to reach over $68 billion by 2033.
- High-Income Area - The 1-mile average household income is ±$118,000. The 3 & 5-mile average household income both exceed $130,000.
- Little Competition in Area - Grace Veterinary Clinic is one of three veterinary clinics within 5 miles, ensuring this location has ample customer base and little competition.
Investment Overview
See Highlights
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
Senior Managing Director, Market Leader - Chicago
Financing By
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