VBF - Lisbon Veterinary Clinic
Lisbon, CT
VBF - Lisbon Veterinary Clinic
- Price: $574,200
- Cap Rate: 6.25%
- Years Remaining: 11
- Rentable Area: 3,700 SF
Investment Highlights
- Sales Price: $574,200
- Cap Rate: 6.25%
- Years Remaining: 11
- Lot Size: 1.10 Acres
- Market: Lisbon, Connecticut
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, Lisbon Veterinary Clinic investment property located in Lisbon, Connecticut. The Tenant, Vet’s Best Friend, has over 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 starting 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
Lisbon Veterinary Clinic is strategically located on River Road where Interstate 395 crosses over the Quinebaug River. The site benefits from superior visibility via significant street frontage and a large pylon sign situated along River Road. It is also within walking distance of the Lisbon Landing, which has everything from a Target and Walmart Superstore to a Home Depot and AMC Classic. River Road sees over 9,600 daily vehicles. River Road is also 7 miles from Norwich, Connecticut, which has a population of over 40,000. The 5-mile trade area is supported by more than 27,000 residents and 7,100 daytime employees with an affluent average household income of $85,534.
