PetVet - Jefferson Animal Hospital
- Price: $950,000
- Cap Rate: 7.90%
- Years Remaining: 7
- Rentable Area: 3,637 SF
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PetVet - Jefferson Animal Hospital
Jefferson Station, NY
Investment Highlights
- Sales Price: $950,000
- Cap Rate: 7.90%
- Years Remaining: 7
- Lot Size: 0.31 Acres
- Market: Jefferson Station, NY
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 a NNN leased, freestanding, Jefferson Animal Hospital investment property located in Port Jefferson Station, New York. The Tenant, PetVet Care Centers, has over 7 years remaining in their initial term with 2 (two) 5-year options to extend. The lease features annual rental increases of 2.5%. The lease is a triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. With more than 450 locally-led General Practice, Speciality, Emergency, and Equine hospitals, PetVet Care Centers offers outstanding care across the country. The building consists of 2 floors, the first floor is the Doctor’s office, break room and laundry room, the second floor is the hospital, 2 kennels, waiting room etc.
Location
Jefferson Animal Hospital is strategically located on NY-112. The site benefits from superior visibility via significant street frontage and a pylon sign situated along NY-112. It shares this busy Port Jefferson Station area with businesses like Starbucks, Bank of America, and Dunkin’. The location benefits from the frequent street traffic of NY-112, which sees 18,679 vehicles daily. The 5-mile trade area is supported by a population of 168,711 and 41,345 daytime employees with an average household income of $171,109.
