NVA - Vero Beach Veterinary Hospital - Vero Beach, FL
NVA - Vero Beach Veterinary Hospital
- Price: $1,800,000
- Cap Rate: 8.33%
- Years Remaining: 4.5
- Rentable Area: 2,502 SF
Investment Highlights
- Sales Price: $1,800,000
- Cap Rate: 8.33%
- Years Remaining: 4.5
- Lot Size: 0.38 Acres
- Market: Vero Beach, Florida
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, Vero Beach Veterinary Hospital investment property located in Vero Beach, Florida. The Tenant, National Veterinary Associates, has over 4.5 years remaining in their initial term with 2 (two) 5-year options to extend. The lease features annual rental increases determined by CPI. 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
Vero Beach Veterinary Hospital is strategically located on 22nd Place. The site benefits from superior visibility via significant street frontage and a large pylon sign situated along 22nd Place. It shares this busy Vero Beach area with businesses like The Fresh Market, Panera, Bank of America, and UPS. The location benefits from the frequent street traffic of 21st Street, which sees 8,038 vehicles daily. The 5-mile trade area is supported by a population of 86,591 and 50,441 daytime employees with an average household income of $119,767.
