Acoaxet Veterinary Clinic, Inc
Westport, MA

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Acoaxet Veterinary Clinic, Inc

Investment Highlights

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Description

The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, National Veterinary Associates investment property located in Westport, MA. The tenant, Acoaxet Realty, LLC, currently has over 6 years remaining on their initial term with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features annual CPI rental increases (minimum if 1.5%) throughout the initial term and at the beginning of each option period, generating additional NOI and hedging against inflation. The lease is NN with landlord responsibilities limited to maintaining roof, structure, building exterior, exterior walkways, and replacement of parking lot and mechanical systems. The lease is corporate guaranteed by National Veterinary Associates, Inc. the largest private owner of freestanding veterinary hospitals with over 1,000 locations worldwide. 

Location

The property is located at the signalized, hard corner intersection of Sanford Road and Highway 177, which features 8,000 vehicles passing by daily. The property features significant street frontage, as well as a pylon sign, creating excellent visibility for the property. The subject site features nearby access to Highway 88 (9,300 VPD), which helps connect the property to Interstate 195 (76,600 VPD), and nearby populous centers including New Bedford and Fall River. The 5-mile trade area is supported by over 300,000 residents as well as 113,000 employees, and features an affluent average household income of $97,495 in a 1-mile radius.

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