Mixed Use - Heartland Veterinary Partners - Healthy Pets Veterinary Care
Heartland Veterinary Partners - Healthy Pets Veterinary Care + 3 Bed / 2.5 Bath Apartment
- Price: $2,168,000
- Cap Rate: 6.61%
- Years Remaining: 1
- Rentable Area: 8,596 SF
Investment Highlights
- Sales Price: $2,168,000
- Cap Rate:6.61%
- Years Remaining: 1
- Lot Size: 0.3 Acres
- Market: Boca Raton, 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, Healthy Pets Veterinary Care – Boca North investment property located in Boca Raton, Florida. The Tenant, Heartland Veterinary Partners, has less than a year remaining in their initial term with two (2) 3-year options to extend. The lease features annual rental increases of %. The lease is a triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Heartland Veterinary Partners is a veterinary management company that aims to support veterinary practices and their owners.
Location
Healthy Pets Veterinary Care – Boca North is strategically located on N Dixie Highway. The site benefits from superior visibility via significant street frontage and a facade sign situated along N Dixie Highway. It shares this busy Boca Raton area with businesses like Saks Off 5th, Mens Warehouse, T.J. Maxx and Chase Bank. The location benefits from the frequent street traffic of N Dixie Highway, which sees 12,540 vehicles daily. The 5-mile trade area is supported by a population of 234,184 and 118,361 daytime employees with an average household income of $159,078.
