Veterinary Portfolio in Chicago
477 Briargate Dr, South Elgin, IL 60177
Three properties, 100% leased to Mission Pet Health.
Type:Office
Property size:
19,500 SFPrice / SF:
$386/SF- Added:
- Mar 17, 2026
- Days on Market:
- 58
- Last Refresh:
- Mar 20 at 12:07 am
Property Features for 477 Briargate Dr
General Information
- Standard status
- Active
- Size
- 19,500 SF
- Property subtype
- Office
Listing agent Rahul Chhajed License #CA 01986299
Listing office Matthews
Listing date Mar 17, 2026
Source Crexi
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
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.
- 7.00% cap rate provides a strong return on investment.
- Portfolio price of $7,539,300 with $527,751 Net Operating Income (NOI).
- 2% annual rent increases offer built‑in income growth.
Overview
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.
Location Intelligence
Current Use by Public Records
ACC of Randall Pointe
Veterinary Clinic
Similar Places Nearby
- South Town Animal Hospital — 1944 Gyorr Ave, South Elgin, IL 60177
- Banfield Pet Hospital — 428 S Randall Rd, South Elgin, IL 60177
- ACC of Randall Pointe — 477 Briargate Dr, South Elgin, IL 60177
- Anderson Humane Veterinary Clinic — 309 S Randall Rd, South Elgin, IL 60177
- Petco Vaccination Clinic — 364 S Randall Rd, South Elgin, IL 60177
Location Insight
- Map
- Local Demand
- City
- South Elgin
- County
- Kane
- State
- Illinois
- Longitude
- -88.3430131
- Latitude
- 41.979806
Nearby Similar for Sale
FAQs
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 $7,539,295.
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.
