VBF - New Bedford Vet Hospital
- Price: $703,448
- Cap Rate: 7.25%
- Years Remaining: 11
- Rentable Area: 3,942 SF
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VBF - New Bedford Veterinary Hospital
New Bedford, MA
Investment Highlights
- Sales Price: $703,448
- Cap Rate: 7.25%
- Years Remaining: 11
- Market: New Bedford, MA
Contact Broker
Brian Wine
Description
The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in an NNN leased, freestanding, New Bedford Vet Hospital investment property located in New Bedford, Massachusetts. The Tenant, Vet’s Best Friend, has more than 11 years remaining in their initial term with 2 (5-year) options to extend. The lease features annual rental increases of 2%. The lease is a absolute triple net with zero landlord responsibilities, making it an ideal, no-management investment opportunity for a passive investor. Vet’s Best Friend started in 2019 with a mission to partner with veterinary hospitals without forcing them to change the culture that has been so essential to their operations.
Location
New Bedford Vet Hospital is strategically located off of Ashley Boulevard, which averages over 10,600 vehicles passing by daily. The site benefits from superior visibility via significant street frontage and a pylon sign situated along Ashely Boulevard. In addition, the location is just off Route 40, which sees over 70,000 vehicles daily. The 5-mile trade area is supported by a population of 114,468 and 52,477 daytime employees with an average household income of $74,742.
