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Veterinary Clinic Investment Opportunity

3335 Grant Hwy, Belvidere, IL

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For Sale

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Profitable veterinary clinic with a strong reputation and growth potential.

Type:OFFICE

Property size:

7,767 SF

Lot size:

3.64 Acres

Price / SF:

$160/SF

HighLights

High‑demand veterinary hospital investment, resistant to economic downturns and e‑commerce trends.
Passive investment with minimal landlord responsibilities.
Strategic location along US‑20 BUS, near I‑90, prominent retailers and a healthcare hub, ensuring high visibility and accessibility.
Lease includes annual rent increases based on CPI, providing a hedge against inflation.
Tenant (State Street Animal Clinic) has a strong reputation and loyal client base.
Lease includes two additional 5‑year options, providing security and predictability for future cash flows.

We can help!

Listing Contact

Rahul Chhajed

Learn more

For Sale

Contact for pricing

Profitable veterinary clinic with a strong reputation and growth potential.

Type:OFFICE

Property size:

7,767 SF

Lot size:

3.64 Acres

Price / SF:

$160/SF

Added:: Dec 11, 2024
Days on Market:: 545
Last Refresh:: May 20 at 8:24 pm

Property Features for 3335 Grant Hwy

General Information

Standard status: Active
Size: 7,767 SF
Lot size: 3.64 Acres
Property subtype: OFFICE

We can help!

Listing Contact

Rahul Chhajed

Listing agent Rahul Chhajed

Listing office Matthews Real Estate Investments Services | New York

Listing date Dec 11, 2024

Source Moodyscre

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

All listing content including descriptions, pricing, images are the copyrighted material of Matthews Real Estate Investments Services | New York

HighLights

High‑demand veterinary hospital investment, resistant to economic downturns and e‑commerce trends.
Passive investment with minimal landlord responsibilities.
Strategic location along US‑20 BUS, near I‑90, prominent retailers and a healthcare hub, ensuring high visibility and accessibility.
Lease includes annual rent increases based on CPI, providing a hedge against inflation.
Tenant (State Street Animal Clinic) has a strong reputation and loyal client base.
Lease includes two additional 5‑year options, providing security and predictability for future cash flows.

Overview

This property presents an investment opportunity with a veterinary clinic located along US-20 BUS, offering convenient access to I-90. The location benefits from its proximity to medical offices, veterinary clinics, and retailers such as Walmart and Home Depot. The State Street Animal Clinic has a strong reputation for compassionate care and expertise in veterinary services, attracting a loyal client base. The clinic offers a range of services, including preventive care, diagnostics, surgery, and wellness programs. The lease includes annual rent increases based on the Consumer Price Index (CPI) and two additional 5-year options. The property is in Belvidere, which has a growing population with a mix of families and young professionals. The city has experienced consistent population growth, reflecting an influx of new residents seeking services, including veterinary care. The property is approximately 7,767 square feet. NVA operates over 1,400 animal hospitals and pet resorts across the country.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$163.1k	$21.00
− Vacancy	−$22.5k	−$2.90
EGI	$140.6k	$18.10
− OpEx	−$35.1k	−$4.53
NOI	$105.4k	$13.58

7,767 SF · lease $21.00/SF/yr · vacancy 13.80% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.51M

$1.32M – $1.76M (±1% cap)

NOI $105,449 @ 7.0% cap · market cap 8.44%

Second Best

Healthcare Medical

$1.46M

$1.28M – $1.71M (±1% cap)

NOI $102,338 @ 7.0% cap · market cap 8.19%

Theoretical Best

Office A

$2.07M

$1.81M – $2.41M (±1% cap)

NOI $144,615 @ 7.0% cap · market cap 11.57%

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

Location Intelligence

Current Use by Public Records

Medical Office Space

Suggested Use

Location Insight

Map
Local Demand

City: Belvidere
County: Boone
State: Illinois
Longitude: -88.8776
Latitude: 42.2421

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What type of property is this?

Medical Office Space - Profitable veterinary clinic with a strong reputation and growth potential.

Where is this medical office space located?

The property is located at 3335 Grant Hwy Belvidere, IL.

What is the asking price?

The asking price for this property is $1,250,000.

What are key features of this property?

This property features: High‑demand veterinary hospital investment, resistant to economic downturns and e‑commerce trends.; Passive investment with minimal landlord responsibilities.; Strategic location along US‑20 BUS, near I‑90, prominent retailers and a healthcare hub, ensuring high visibility and accessibility.

3335 Grant Hwy, Belvidere, IL

Profitable veterinary clinic with a strong reputation and growth potential.

Property Features for 3335 Grant Hwy

General Information

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Mixed-Use Building with Bar and Lofts

Belvidere Victorian Multi-Unit Investment

Rented Four-Family Home

Belvidere, IL Applebee's Investment

Belvidere Retail Building For Sale

Modern Industrial Facility with Expansion

Mixed-Use Investment in Downtown Belvidere

Retail, Industrial

Cross-Docked Industrial Building

Redevelopment Opportunity in Belvidere, IL

Retail Space in Belvidere Center

Fully Occupied Retail Building

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