CareVet - Straley Veterinary Clinic
Bellefonte, PA

CareVet - Straley Vet Clinic

Investment Highlights

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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, Straley Veterinary Clinic investment property located in Bellefonte, Pennsylvania. The Tenant, CareVet, has over 4 years remaining in their extended term with 2 (two) 5-year options to extend. The lease features increases for each option period. The lease is a triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Founded in 2018, CareVet is an established network of veterinary hospitals with over 100 practices across 30 states. CareVet recently announced that they are investing $75 million in its facilities in the next five years.

Location

Straley Veterinary Clinic is strategically located on Zion Road. The site benefits from superior visibility via significant street frontage and a monument sign situated along Zion Road. It shares this busy Bellefonte area with businesses like Starbucks, Wendy’s, and Burger King. The location benefits from the frequent street traffic of Zion Road, which sees 3,985 vehicles daily. The 5-mile trade area is supported by a population of 24,062 and 7,523 daytime employees with an average household income of $99,801.

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