FW: 2 Long-Term Animal Hospitals | National Tenant | 7% Cap Rate

 

 

From: Andrew Evans <andrew.evans@matthews.com>
Sent: Tuesday, January 23, 2024 12:48 PM
To: mcre13@gmail.com
Subject: 2 Long-Term Animal Hospitals | National Tenant | 7% Cap Rate

 

Very Passive Lease Structure – There are minimal landlord responsibilities throughout the lease term, offering a passive investment for both local and national investors.

MEADOWBROOK VETERINARY PORTFOLIO   PEORIA, IL                   Investment highlights       Very Passive Lease Structure – There are minimal landlord responsibilities throughout the lease term, offering a passive investment for both local and national investors. Recession Resistant Property – Veterinary Hospitals are extremely sought-after investments for their resistance to economic downturns and e-commerce trends that affect traditional retail properties. Herriot Lane Location – This site has excellent visibility and easy access from the main road, N Allen Rd, seeing over 16,000 VPD. Nearby retailers include Menards, Aldi and Walmart Supercenter. Stable Long-Term Investment – The tenant acquired both practices and signed a fresh 10 year lease at the end of November 2023. Tenant Investment in Location – Pet Hospitals rarely relocate due to difficulty retaining the same patients in a new location, and the high costs of moving. Positioned Within the Peoria MSA – Located in central Illinois with a population of over 111,000 residents, Peoria is home to a wide range of diverse companies and enterprises, with the healthcare industry being the biggest employer. Scheduled Rental Increases Throughout – Initial Term & Option Period 2% annual rental increases provide a future owner with a boost in cash flow, return on their investment, and protection against inflation.             DOWNLOAD OFFERING MEMORANDUM           EXCLUSIVELY LISTED BY     ANDREW EVANS  VP & ASSOCIATE DIRECTOR DIR: (949) 662-2256 MOB: (925) 360-0277 andrew.evans@matthews.com License No.02055475 (CA)   MICHAEL MORENO  SVP & SENIOR DIRECTOR DIR: (949) 432-4511 MOB: (818) 522-4497 michael.moreno@matthews.com License No. 01911198 (CA)   Broker of Record Matthew M. Fitzgerald License No. 478027547 (IL)   RAHUL CHHAJED  SVP & SENIOR DIRECTOR  DIR: (949) 432-4513 MOB: (818) 434-1106 rahul.chhajed@matthews.com License No.01986299 (CA)             ONLY SEE THE DEALS YOU WANT - CLICK HERE TO ADJUST PREFERENCES           Matthews Real Estate Investment Services™ | www.matthews.com Please add listings@matthews.com to your contacts Unsubscribe |  1600 West End Ave, Nashville, TN       Matthews Real Estate Investment Services™, 1600 West End Ave, Nashville, TN, https://info.matthews.com/hs/manage-preferences/unsubscribe?languagePreference=en&d=VnbTLY6KCQSMVCqgx23JGGCxW3P3Q7w3ZsjYmW3_fXJS5ZFNZtVmWFfX837CQxN7hJhNF25BTFW6Fb7Tm6gRdxNVWzrTj6Yy8CvMXk_7Qbw8rFV30r5z6WfxQ-W6sqv-152XYGv3p932&v=3