DeSoto County Animal Clinic
- Price: $646,023
- Cap Rate: 8.50%
- Years Remaining: 3
- Rentable Area: 2,848 SF
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Heartland Veterinary Partners
DeSoto County Animal Clinic
Southaven, MS
Investment Highlights
- Sales Price: $646,023
- Cap Rate: 8.50%
- Years Remaining: 3
- Lot Size: 0.23 Acres
- Market: Southaven, MS
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 (Net Type) leased, freestanding, Desoto County Animal Clinic investment property located in Southaven, Mississippi. The Tenant, Heartland Veterinary Partners, has 3 years remaining in their extended term with one (1) three year options to extend. The lease features a flat increase per option period. The lease is a triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Heartland Veterinary Partners is a veterinary management company that aims to support veterinary practices and their owners. The company was founded in 2017 and is headquartered in Chicago, Illinois, with offices in various locations across the United States.
Location
Desoto County Animal Clinic is strategically located on US-51 N. The site benefits from superior visibility via significant street frontage and a pylon sign situated along US-51 N. It shares this busy Southaven area with businesses like AutoZone, Reilly, Valero, and Domino’s. The location benefits from the frequent street traffic of US-51 N, which sees 20,226 vehicles daily. The 5-mile trade area is supported by a population of 129,266 and 37,058 daytime employees with an average household income of $78,281.