Thrive Pet Healthcare – Oak Lawn, IL

Thrive Pet Healthcare
99701 S Cicero Ave, Oak Lawn, IL 60453, USA

Sands Investment Group is pleased to exclusively offer for sale the 2,084 SF Thrive Pet Healthcare NN located at 9701 S Cicero Avenue in Oak Lawn, Illinois. This offering features a highly passive, landlord-friendly lease structure, with responsibilities limited to the foundation, roof, exterior walls, and structural components providing investors with minimal management obligations and durable, predictable cash flow. Together, these attributes create a unique and compelling investment opportunity.

  • Expanding, Recession-Resilient Veterinary Sector: The U.S. veterinary services industry generated more than $36 billion in revenue in 2024 and is projected to exceed $68 billion by 2033, driven by sustained growth in pet ownership, the continued humanization of companion animals, and increasing demand for preventative, specialty, and emergency veterinary care that remains largely non-discretionary across economic cycles.
  • Highly Passive, Landlord-Friendly Lease Structure: Lease responsibilities are limited to foundation, roof, exterior walls, and structural components, providing investors with minimal management obligations and durable cash flow.
  • National Credit Tenant – Thrive Pet Healthcare: Thrive Pet Healthcare is a leading national veterinary platform operating 400+ clinics across 37 states; founded in 2003 and headquartered in Austin, Texas, Thrive offers a vertically integrated model encompassing primary, specialty, and emergency veterinary services.
  • Dense, High-Income Trade Area: The property is located within a strong infill corridor with over 180,000 residents within a 3-mile radius and an average household income exceeding $81,445, driving sustained demand for veterinary services.
  • Built-In Rent Growth & Inflation Hedge: The lease includes 10% rental increases every 5 years, including option periods, offering predictable income growth and long-term protection against inflation.

 

In Cooperation With Sands Investment Group Illinois, LLC – Lic. #481013714 BoR: Andrew Ackerman – Lic. IL #471021429

Thrive Pet Healthcare
99701 S Cicero Ave, Oak Lawn, IL 60453, USA

Thrive Pet Healthcare

Thrive Pet Healthcare is a leading veterinary service community that uniquely delivers a continuum of care to pet families and services to veterinary hospitals. With an industry-first membership program and over 400 acute, primary, and specialty providers, Thrive Pet Healthcare offers personalized, accessible care through every stage of a pet’s life and health. The veterinarian-founded organization provides premier benefits for practice staff while elevating privately held veterinary hospitals with innovative service and technology solutions. By focusing on the needs and aspirations of veterinary care providers, Thrive Pet Healthcare is supporting the well-being of the industry and raising the national bar for veterinary excellence.

Price

$1,500,000

Cap Rate

6.71%

PREMISES

2,084 SF

RENEWAL OPTIONS

2 x 5 Year Options

Lease Expiration

06/30/2031

Lease Type

NN

RENTAL INCREASES

10% Every 5 Years

BROKERS

List with SIG

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