Animal Kingdom Veterinary Hospital - Houma, LA
1123 Grand Caillou Road, Houma, LA 70363
- Price: $1,075,000
- Cap Rate: 7.18%
- Years Remaining: 5
- Rentable Area: 3,300 SF
Alliance Animal Health - Animal Kingdom Veterinary Hospital - Houma, LA
Investment Highlights
- Sales Price: $1,075,000
- Cap Rate: 7.18%
- Years Remaining: 5
- Lot Size: 0.5 Acres
- Market: Houma, Louisiana
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 Kingdom Veterinary Hospital investment property located in Houma, Louisiana. The Tenant, Alliance Animal Health, has over 5 years remaining in their initial term with 2 (two) 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. Headquartered in Stamford, Connecticut, Alliance Animal Health currently operates over 250 partner hospitals across 29 states, and growing.
Location
Animal Kingdom Veterinary Hospital is strategically located on Grand Caillou Road. The site benefits from superior visibility via significant street frontage and a monument sign situated along Grand Caillou Road. It shares this busy Houma area with businesses like Walmart, Seven Brew, Walgreens, and Chick-Fil-A and Shell. The location benefits from the frequent street traffic of Grand Caillou Road, which sees 19,921 vehicles daily. The 5-mile trade area is supported by a population of 57,457 and 41,934 daytime employees with an average household income of $89,389.
