CVP - Animal Hospital of Putnam
- Price: $905,000
- Cap Rate: 8.25%
- Years Remaining: 3
- Rentable Area: 3,365 SF
CVP - Animal Hospital of Putnam
Putnam, CT
Investment Highlights
- Sales Price: $905,000
- Cap Rate: 8.25%
- Years Remaining: 3
- Lot Size: 1.27 Acres
- Market: Putnam, Connecticut
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 Hospital
of Putnam investment property located in Putnam, Connecticut. The Tenant, Community Veterinary Partners, has over 3 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
Animal Hospital of Putnam is strategically located on Kennedy Drive. The site benefits from superior visibility via significant street frontage and a monument sign
situated along Kennedy Drive. It shares this busy Putnam area with businesses like Walgreens, Dunkin’, and Frito-Lay Inc. The location benefits from the frequent
street traffic of Kennedy Drive, which sees 11,628 vehicles daily. The 5-mile trade area is supported by a population of 21,986 and 12,251 daytime employees with
an average household income of $105,608.
