AmeriVet - Alexis Road Animal Hospital
The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NN leased, freestanding, Alexis Road Animal Hospital investment property located in Toledo, Ohio. The Tenant, AmeriVet, has 6 years remaining in their initial term with 2 5-Year options to extend. The lease features annual rental increases of 3.25%. The lease is a double net with limited landlord responsibilities of roof, structure, and exterior, making it an ideal, low-management investment opportunity for a passive investor. AmeriVet has over 180 locations in 28 states and partners with experienced, established veterinarians looking to adapt and grow their practices and provides best-in-class operational resources to support their success.
Alexis Road Animal Hospital is strategically located on Alexis Road. The site benefits from superior visibility via significant street frontage and a pylon sign situated along Alexis Road. It shares this busy Toledo area with businesses like Harbor Freight, Kroger, Lowe’s Home Improvement, Target, and The Home Depot. The location benefits from the frequent street traffic of Alexis Road, which sees 23,051 vehicles daily. The 5-mile trade area is supported by a population of 179,027 and 68,792 daytime employees with an average household income of $71,019.