21000 Olympian WayOlympia Fields, IL 60461

Property Details for 21000 Olympian Way

Year built

2024

Lot size

1.96 AC

Property size (Sq ft)

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.

Location Insight

City

Olympia Fields

County

Cook

State

Illinois

Latitude

41.5072

Longitude

-87.7014

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