Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2021 2400Th St Atlanta, IL 61723

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,910,164

    NNN leased veterinary hospital with annual rental increases for sale.

    Property size:
    12,419 SF
    Lot size:
    3.20 Acres

    Property Features for 2021 2400Th St

    General Information

    Size
    12,419 SF
    Lot size
    3.20 Acres

    Source: Matthews Real Estate Investment Services Agent Andrew Evans

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Veterinary Hospital Investment Opportunity

    This property is a veterinary hospital with just under 6 years remaining on the NNN lease, featuring 2% annual increases and three, 5-year options to extend the lease. The lease includes annual rental escalators. Veterinary Hospitals are sought-after investments for their resistance to downturns in the economy and e-commerce trends. The tenant, CareVet, supports over 200 veterinary hospitals across 35+ states. 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. The 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. There are minimal landlord responsibilities throughout the lease term. The global veterinary services market size is expected to reach $142 Billion by 2025.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Timbercrest Veterinary Service ... Veterinarian

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Logan
    State
    Illinois
    Longitude
    -89.2206877
    Latitude
    40.266711

    Nearby Similar for Sale

    • $39,900
      240 SF

      Thriving Atlanta Hair Salon Business

      Established Hair Salon, Turnkey Opportunity
      107 Vine St, Atlanta, IL 61723
      View Details
    • $199,900

      205 Race St, Atlanta, IL 61723

      Mixed-use properties
      205 Race St, Atlanta, IL 61723
      View Details

    FAQs

    What type of property is this?
    Medical space - NNN leased veterinary hospital with annual rental increases for sale.
    Where is this medical space located?
    The property is located at 2021 2400Th St Atlanta, IL.
    What is the asking price?
    The asking price for this property is $1,910,164.
    What are key features of this property?
    This property features: - NNN lease with approximately 6 years remaining, providing stable investment income.; - Annual rental increases of 2% offer a hedge against inflation and boost cash flow.; - Veterinary hospitals are recession-resistant and less susceptible to e-commerce trends.
    (949) 662-2256
    Request Owner's contact information
    2021 2400Th St Atlanta, IL 61723
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2021 2400Th St
    Atlanta, IL 61723
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2021 2400Th St Atlanta, IL 61723
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.