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1500 Illinois 37
Marion, IL 62959
Asking Price
$1.09M
Cap Rate
7.33%
Asset Type
Retail
Class
Class B
What's Special
<p>• CareVet has 5 years remaining in their initial term</p><p>• CareVet has 2 Five (5) Year options to extend</p><p>• The lease features annual rental increases of 2%</p><p>• Founded in 2018, CareVet is an established network of veterinary hospitals with over 200 practices across 30 states</p><p>• Superior street visibility via significant street frontage and a large pylon sign situated along IL-37</p><p>• Strategically located off of IL-37, which averages 6,571 vehicles passing by daily</p><p>
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NOI
$80,000
Cap Rate
7.31%
DSCR
1.23
Tight
Cash-on-Cash
4.56%
Monthly Payment
$5,417.463
Annual Cash Flow
$14,990.449
