Overview
Matthews™ Healthcare Division is pleased to exclusively offer the opportunity to acquire a single-tenant veterinary clinic located in Algonquin, IL, tenanted by Community Veterinary Partners. Community Veterinary Partners (CVP) is a leading veterinary partnership organization dedicated to supporting locally led animal hospitals. CVP partners with veterinarians and their teams to preserve clinical autonomy and practice culture while providing the resources needed for long-term success. Through operational expertise, shared best practices, and continued investment in people, technology, and facilities, CVP empowers veterinary teams to deliver high-quality, compassionate care while sustainably growing services across general practice, specialty, and emergency medicine.
The lease has over ±11 years remaining, featuring built-in 3% annual rent increases and two (2), five (5) year renewal options. The purpose-built veterinary facility features a functional single-tenant layout, on-site parking, and a site configuration well suited for long-term clinical use with limited future capital requirements. This property offers an attractive opportunity for local or national investors seeking a stable, long-term investment in the Chicago MSA.
Investment Highlights
- Stable Investment: There are just over ±11 years remaining on the NNN lease featuring built-in annual rent bumps of 3% annually and two (2), five (5) year options to extend the lease.
- Scheduled Rent Increase | Built-In Inflation Protection: The lease includes annual rent escalations of 3%, ensuring steady growth in cash flow and a natural hedge against inflation for the future owner.
- Healthcare Real Estate | Recession Resistant Property: Veterinary hospitals are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends that affect traditional retail properties.
- Prime Location: The ±5,037 SF practice is ideally located along Greer Boulevard, offering excellent visibility and easy access to transportation routes, including I-90 and IL-31.
- Comprehensive Services | Multi-Doctor Location: Dundee Animal Hospital offers a range of veterinary services, including wellness and preventative care, dentistry, microchipping, diagnostics, surgeries, mobile vet service and 24/7 emergency care. Its diverse revenue streams provide stability and potential for growth in various service areas.
- Tenant Investment in Location: 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.
- Concentrated Corridor: The property is surrounded by a mix of residential communities, schools, parks, hospitals, and major retailers, including Target, Walmart Supercenter, Trader Joe’s, Costco Wholesale, The Home Depot, Harry D Jacobs High School and Advocate Sherman Outpatient Center all just ±2 miles away.
- Very Passive Lease Structure: There are minimal landlord responsibilities throughout the lease term, offering a passive investment for both local and national investors.
- Robust Growth Industry: The global veterinary services market size is expected to reach $142 Billion by 2025, with a CAGR of 5.6% during that period.
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