NVA - Village East Animal Hospital
Evansville, IN
NVA - Village East Animal Hospital
- Price: $1,711,050
- Cap Rate: 8.00%
- Years Remaining: 1+
- Rentable Area: 6,028 SF
Investment Highlights
- Sales Price: $1,711,050
- Cap Rate: 8.00%
- Years Remaining: 1+
- Lot Size: 0.54 Acres
- Market: Evansville, IN
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, Village East Animal Hospital investment property located in Evansville, Indiana. The Tenant, NVA, has less than 2 years remaining in their extended term with two (2) 5-year options to extend. The lease features annual CPI-based rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is a triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. NVA is the largest private owner of freestanding veterinary hospitals. NVA owns more than 1,000 veterinary hospitals and pet resorts in the United States, Canada, Australia, New Zealand and Singapore.
Location
Village East Animal Hospital is strategically located on South Green River Road. The site benefits from superior visibility via significant street frontage and a large pylon sign situated along South Green River Road. It shares this busy Evansville area with businesses like The Home Depot, Target, Macy’s, Michaels, Kohl’s, and Walgreens. The location benefits from the frequent street traffic of South Green River Road, which sees 20,158 vehicles daily. The 5-mile trade area is supported by a population of 108,116 and 75,601 daytime employees with an average household income of $83,697.
