21000 Olympian Way Olympia Fields, IL 60461
- Retail properties
- 11,888 SF
- 1.96 lot acres
Current Use by Public Records
- Retail properties
Property Details for 21000 Olympian Way
- Year built
- 2024
- Lot size
- 1.96 lot acres
- Property size
- 11,888 SF
- Property type
- Retail properties
- Property subtype
- Medical space
Description
This exceptional investment opportunity presents a brand-new, 11,888-square-foot, single-story animal hospital and surgery center built in 2024. Located in Olympia Fields, Illinois, at 21000 Olympian Way, this property boasts a prime location near major roadways including Interstate 30, Olympian Way, and Interstate 57, ensuring high visibility and accessibility. Its proximity to the 211th Street Metra Station further enhances its strategic positioning. The 1.96-acre lot provides ample space, complemented by 64 parking spaces. The property benefits from strong demographics, situated within a five-mile radius of over 160,000 residents with an average household income exceeding $96,000 annually. A 15-year net lease with VCA Animal Hospitals, Inc., a subsidiary of Mars, Incorporated, commenced December 28, 2022, and expires August 31, 2039, with three five-year renewal options. The annual rent is $400,835, with a 2% annual increase. This fee-simple ownership offers a 6.00% cap rate and a stable, passive income stream in a growing industry within a top metropolitan statistical area. The property is zoned B-3 and features a built-to-suit design tailored to the tenant's specific operational needs. This represents a secure, long-term investment with a highly creditworthy tenant and significant upside potential. The property is 100% occupied.
Value Estimation
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Location Insight
- Map
- Local Demand
- City
- Olympia Fields
- County
- Cook
- State
- Illinois
- Longitude
- -87.7014
- Latitude
- 41.5072
