Cap Rate
7%
Gross SQFT
4,032
Year Built
1997
Term Remaining
±9.68 Years
NOI
$60,900
Property Type
Healthcare
INVESTMENT HIGHLIGHTS
- Tenant Investment in Location: Veterinary hospitals rarely relocate due to high build-out costs and difficulty in retaining the same patients after moving.
- Very Passive Lease Structure: This investment offers investors a potential investor a very passive “hands-off” investment for both local and national investors.
- Ideal 1031 Exchange Property: With a long-term lease, 15% rental increases every 5 years, and minimal landlord responsibilities, this is an ideal property for a local or out of state investor.
- 5% Admin Fee: The lease is structured to include an additional 5% administration fee that increases the return. The admin fee is NOT calculated in the NOI
- Expanding Operations: AmeriVet Veterinary Partners is a premier veterinary operator that expands by acquiring existing veterinary practices that are already successful and established within the community.
- $99 Billion Industry: The global veterinary services market size is expected to reach $142 Billion by 2025, with a CAGR of 5.6% during that period.
Broker of Record
- David Harrington
- License No. B.1003120.CORP (NV)
- (866) 889-0550
- Matthews Real Estate Investment Services
- 1600 West End,
Ste. 1500 Nashville, TN 37203