Veterinary Portfolio in Chicago
For Sale
$2,012,582
477 Briargate Dr, South Elgin, IL 60177
Three properties, 100% leased to Mission Pet Health.
Property Size5,500 SF
Price / SF$103.21
Days on Market183
Property Features for 477 Briargate Dr
General Information
Standard status
Active
Size
5,500 SF
Property subtype
Commercial
Lease Term
± 9.69 Years
Net Operating Income
$140,881
Building Details
Building Size
5,500 SF
Year Built
2005
Listing Agency:
Matthews Real Estate Investment Services
Listed By:
Andrew Evans · License #02055475 (CA)
(949) 662-2256
Source:
Matthews
Added: Mar 27
Changed: Sep 19
Last Checked: Sep 24 at 6:32AM
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 Investment Services
Investment Insights
Based on property information with market context.
This portfolio comprises three veterinary properties totaling approximately 19,500 square feet, situated in the Chicago suburbs. The properties are 100% leased to Mission Pet Health under absolute NNN leases. The leases have approximately 9.7 years remaining, with annual rent increases of 2%. The portfolio is offered at $7,539,300, reflecting a 7.00% capitalization rate and a net operating income of $527,751. The investment offers minimal landlord responsibilities and benefits from a strong tenant credit profile, presenting a stable, passive income opportunity.
Key Highlights
- 100% leased to Mission Pet Health, providing stable income.
- Absolute NNN leases minimize landlord responsibilities.
- Approximately 9.7 years remaining on leases ensures long‑term cash flow.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
632
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60177, IL
24,361
Population
8,700
Households
2.8
Avg Household Size
37
Median Age
38%
College-Educated
91%
High-School Grad
8.9 sq mi
ZIP Area
2,737
Density / Sq Mi
$123,700
Median Household Income
$59,266
Median Earnings
$1,612
Median Rent
$296,200
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
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Similar Off Market Nearby
- ACC of Randall Pointe — 477 Briargate Dr, South Elgin, IL 60177
- Banfield Pet Hospital — 428 S Randall Rd, South Elgin, IL 60177
- Petco Vaccination Clinic — 364 S Randall Rd, South Elgin, IL 60177
- Anderson Humane Veterinary Clinic — 309 S Randall Rd, South Elgin, IL 60177
- South Town Animal Hospital — 1944 Gyorr Ave, South Elgin, IL 60177
Frequently Asked Questions
What type of property is this?
Medical Office Space - Three properties, 100% leased to Mission Pet Health.
Where is this medical office space located?
The property is located at 477 Briargate Dr South Elgin, IL.
What is the asking price?
The asking price for this property is $2,012,582.
What are key features of this property?
This property features: 100% leased to Mission Pet Health, providing stable income.; Absolute NNN leases minimize landlord responsibilities.; Approximately 9.7 years remaining on leases ensures long‑term cash flow.
