CVP - Allentown Animal Clinic
- Price: $1,124,000
- Cap Rate: 8.40%
- Years Remaining: 4
- Rentable Area: 1,672 SF
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CVP - Allentown Animal Clinic
Allentown, PA
Investment Highlights
- Sales Price: $1,124,000
- Cap Rate: 8.40%
- Years Remaining: 4
- Lot Size: 0.38 Acres
- Market: Allentown, 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, Allentown Animal Clinic investment property located in Allentown, Pennsylvania. The Tenant, Community Veterinary Partners, has over 4 years remaining in their initial term with 3 5-Year options to extend. The lease features annual rental increases of 2%. 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
Allentown Animal Clinic is strategically located on Walbert Avenue. The site benefits from superior visibility via significant street frontage and a pylon sign situated along Walbert Avenue. It shares this busy Allentown area with businesses like Target, Starbucks and Dunkin’. The location benefits from the frequent street traffic of Walbert Avenue, which sees 8,737 vehicles daily. The 5-mile trade area is supported by a population of 227,059 and 96,948 daytime employees with an average household income of $95,806.
