Heartland Veterinary Partners - Boxford Animal Hospital - Boxford, MA
Heartland Veterinary Partners - Boxford Animal Hospital
- Price: $1,200,000
- Cap Rate: 9.29%
- Years Remaining: 3+
- Rentable Area: 6,063 SF
Investment Highlights
- Sales Price: $1,200,000
- Cap Rate: 9.29%
- Years Remaining: 3+
- Lot Size: 1.27 Acres
- Market: Boxford, Massachusetts
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, multitenant investment property located in Boxford, Massachusetts. The main Veterinary Tenant, Heartland Veterinary Partners, has over 3 years remaining in their initial term with two (2) 3-year options to extend. The lease features increases at the start of 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.
Location
Boxford Animal Hospital is strategically located on Washington Street. The site benefits from superior visibility via significant street frontage and a monument sign situated along Washington Street. It shares this busy Boxford area with businesses like Starbucks, F45, Mobil and Dunkin’. The location benefits from the frequent street traffic of Washington Street, which sees 11,126 vehicles daily. The 5-mile trade area is supported by a population of 156,005 and 65,438 daytime employees with an average household income of $133,474.
