BluePearl Pet Hospital

• Established Veterinary Tenant: The property is 100% leased to BluePearl Operations, LLC, providing investors with established veterinary hospital tenancy.
• NNN Lease Structure: The asset is leased on an NNN basis, with the tenant also responsible for roof and structure, reducing landlord responsibilities.
• Contractual Rent Growth: The lease features 1.50% annual rental increases, providing consistent contractual revenue growth throughout the remaining lease term.
• Renewal Optionality: The lease includes two (5-year) renewal options, providing the potential for extended occupancy beyond the current lease term.
• Strategic Chicago MSA Location: Located in Skokie, approximately 12 miles north of Downtown Chicago, with convenient access to Interstate 94, U.S. Route 41, and the CTA Yellow Line.
• Dense & Affluent Demographics: Approximately 516,971 residents live within five miles, with average household income of approximately $157,764 within the same radius.
• Attractive Investment Economics: The property is positioned at a $2,613,700 list price, representing a 7.35% cap rate on $192,107 of annual NOI.