RareBreed - Animal Health Center
Rochester, NH
RareBreed - Animal Health Center
- Price: $408,828
- Cap Rate: 7.25%
- Years Remaining: 14
- Rentable Area: 2,800 SF
Investment Highlights
- Sales Price: $408,828
- Cap Rate: 7.25%
- Years Remaining: 14
- Lot Size: .4 Acres
- Market: Rochester, NH
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 an absolute NNN leased, freestanding, Animal Health Center investment property located in Rochester, NH. The Tenant, Rarebreed, has over 14 years remaining in their initial term with 2 (5-year) options to extend. The lease features annual rental increases of 2%. The lease is an absolute triple net with no landlord responsibilities, making it an ideal, no-management investment opportunity for a passive investor. Rarebreed was founded in 2018 in Portland, Maine with a goal to reimagine the veterinary experience. With Rarebreed’s acquisition of Vet’s Best Friend in the middle of 2022, they added 41 locations to their already impressive portfolio of veterinary clinics.
Location
Animal Health Center is strategically located on Lowell Street. The site benefits from superior visibility via significant street frontage and a pylon situated along Lowell Street. It shares this busy Rochester area with businesses like Dunkin’, Dollar Tree, Kohl’s, McDonald’s, and Walgreens. The location benefits from the street traffic of Lowell Street, which sees 3,789 vehicles daily. The 5-mile trade area is supported by a population of 40,199 and 14,850 daytime employees with an average household income of $81,314.
