Community Veterinary Partners
Monroeville Pet Hospital
Monroeville, PA
CVP - Monroeville Pet Hospital
- Price: $821,341
- Cap Rate: 7.75%
- Years Remaining: 7
- Rentable Area: 2,212 SF
Investment Highlights
- Sales Price: $821,341
- Cap Rate: 7.75%
- Years Remaining: 7
- Lot Size: 0.34 Acres
- Market: Monroeville, PA
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, Monroeville Pet Hospital investment property located in Monroeville, PA. The Tenant, Community Veterinary Partners, has over 7 years remaining in their initial term with 3 5-Year options to extend. The lease features annual rent increases of 3%. The lease is a triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Today, Community Veterinary Partners has a collective of over 3,000 unique veterinary care providers dedicated to bringing joy to families through their unwavering care for beloved pets. The mission of this collective is to spread happiness among families by offering the highest quality care to their cherished pets.
Location
Monroeville Pet Hospital is strategically located on Center Road. The site benefits from superior visibility via significant street frontage and a monument sign situated along Center Road. It shares this busy Monroeville area with businesses like Target, Petco, Lowe’s and OfficeMax. The location benefits from the frequent street traffic of Center Road, which sees 11,132 vehicles daily. The 5-mile trade area is supported by a population of 132,682 and 52,744 daytime employees with an average household income of $102,898.
