Cap Rate
8.5%
Price Per SF
$277
Gross SQFT
2,100
Year Built
1967/R2008
NOI
$49,461
Property Type
Healthcare
ADDITIONAL LISTING AGENT
INVESTMENT HIGHLIGHTS
- STABLE INVESTMENT – There are ±3 years remaining on the NN lease with 2% annual increases and one (1), five (5) year options to extend the lease.
- SCHEDULED RENTAL INCREASES | HEDGE AGAINST INFLATION – The lease features 2% annual rental escalators, providing a future owner with a boost in cash flow and a hedge against inflation throughout the life of their investment.
- 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.
- PRIME LOCATION – The ±2,100 SF practice is well positioned off Lincoln Way West with direct street frontage and accessibility from the main road seeing more than 10,000 vehicles per day. This asset caters to more than 133,000 residents within a 5-mile radius of the site.
- COMPREHENSIVE SERVICES | MULTI-DOCTOR LOCATION – South Bend Animal Clinic offers a range of veterinary services including emergency pet care, laser therapy, surgical procedures, diagnostics, dental care, pharmacy and pet grooming. Its diverse revenue streams provide stability and potential for growth in various service areas.
- VETCOR – Established in 1997, Vetcor has built a community-centric veterinary services company supporting over 850 practices across the US and Canada. Vetcor practices thrive with access to a collaborative network while staying true to themselves and their community.
Broker of Record
- Kyle Matthews
- License No. RC52200195 (IN)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 1600 West End,
Ste. 1500 Nashville, TN 37203