Mission Pet Health

Stable Investment – There are just under 10 years remaining on the NNN lease featuring built-in annual rent bumps of 2% annually and one (1), five (5) year option to extend the lease.
Prime Location – 230 Stonegate Drive is strategically located in Algonquin, Illinois within the Chicago MSA, offering strong visibility, established retail surroundings, and convenient access to major transportation routes. The property benefits from dense surrounding residential development, strong household incomes, and proximity to national retailers and daily-needs traffic drivers.
Scheduled Rental Increases | Built-In Inflation Protection – The lease includes annual rent escalations of 2%, 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.
National Platform Operator – Mission Pet Health is one of the largest and most established veterinary platforms in the industry, supporting locally led animal hospitals with operational expertise, clinical resources, and continued investment, driving long-term stability and high-quality patient care.
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.
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 2026, with a CAGR of 5.6% during that period.

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Matthew M. Fitzgerald