NVA - Woodmoor Veterinary Hospital & Pet Lodge - Monument, CO
NVA - Woodmoor Veterinary Hospital & Pet Lodge
17950 Veterinary W View Dr, Monument, Colorado 80132
- Price: $2,078,000
- Cap Rate: 7.50%
- Years Remaining: 5+
- Rentable Area: 11,000 SF
Investment Highlights
- Sales Price: $2,078,000
- Cap Rate: 7.50%
- Years Remaining: 5+
- Lot Size: 0.82 Acres
- Market: Monument, Colorado
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, Woodmoor Veterinary Hospital & Pet Lodge investment property located in Monument, Colorado. Woodmoor Veterinary Hospital & Pet Lodge has operated at this location since 1988. This spacious property comfortably accommodates the practice’s current needs, with substantial room for future growth. The Tenant, National Veterinary Associates, has over 5 years remaining in their initial term with 2 (two) 5-year options to extend. The lease features annual rental increases of 2%. The lease is a triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. NVA (National Veterinary Associates) is a nationally recognized brand and operates more than 1,500 animal hospitals worldwide.
Location
Woodmoor Veterinary Hospital & Pet Lodge is strategically located on Colorado State Highway 105. The site benefits from superior visibility via significant street frontage and a large pylon sign situated along Colorado State Highway 105. It shares this busy Monument area with businesses like Mc Donalds, 7-11, Taco Bell, Dominos, and Starbucks. The location benefits from the frequent street traffic of Colorado State Highway 105, which sees 14,279 vehicles daily. The 5-mile trade area is supported by a population of 44,507 and 13,372 daytime employees with an average household income of $200,854.
