WVP - Animal Care Clinic
- Price: $450,000
- Cap Rate: 8.48%
- Years Remaining: 8
- Rentable Area: 1,800 SF
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WVP - Animal Care Clinic
Rock Island, IL
Investment Highlights
- Sales Price: $450,000
- Cap Rate: 8.48%
- Years Remaining: 8
- Lot Size: 0.21 Acres
- Market: Rock Island, IL
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, Animal Care Clinic investment property located in Rock Island, Illinois. The Tenant, Western Veterinary Partners, has 8 years remaining in their initial term with 2 (two) 5-year options to extend. The lease features annual increases of 3%. The lease is a triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Western Veterinary Partners acquires and supports veterinary practices and animal hospitals with the non-clinical business challenges they face by providing industry proven non-clinical administrative support services.
Location
Animal Care Clinic is strategically located on 11th Street. The site benefits from superior visibility via significant street frontage and a monument situated along 11th Street. It shares this busy Rock Island area with businesses like HyVee, Dollar Tree, and Dollar General. The location benefits from the frequent street traffic of 11th Street, which sees 9,132 vehicles daily. The 5-mile trade area is supported by a population of 131,413 and 59,895 daytime employees with an average household income of $92,489.
