UVC - Hamburg Veterinary Clinic
Hamburg, NJ
UVC - Hamburg Veterinary Clinic
- Price: $1,550,000
- Cap Rate: 8.22%
- Years Remaining: 8
- Rentable Area: 3,068 SF
Investment Highlights
- Sales Price: $1,550,000
- Cap Rate: 8.22%
- Years Remaining: 8
- Lot Size: 2.01 Acres
- Market: Hamburg, New Jersey
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, Hamburg Veterinary Clinic investment property located in Hamburg, New Jersey. The Tenant, United Veterinary Care, has over 8 years remaining in their initial term with three 5-year options to extend. The lease features annual rental increases of the greater between 2% and uncapped CPI. The lease is a triple net with limited landlord responsibilities, all of which are reimbursed by the tenant. This is a low-management investment opportunity for a passive investor. United Veterinary Care was founded in 2019 with a mission to take care of the people who take care of animals and now have 103 locations in 22 states.
Location
Hamburg Veterinary Clinic is strategically located on Vernon Avenue. The site benefits from superior visibility via significant street frontage and a monument sign situated along Vernon Ave. It shares this busy Hamburg area with businesses like Autozone, Dominos, Dunkin’, Starbucks, and Walmart. The location benefits from the frequent street traffic of Vernon Ave, which sees 10,123 vehicles daily. The 5-mile trade area is supported by a population of 31,180 and 8,168 daytime employees with an average household income of $102,090.
