Aston Veterinary Hospital
5200 Pennell Road, Media, Pennsylvania 19063
- Price: $2,616,667
- Cap Rate: 6.00%
- Years Remaining: 13
- Rentable Area: 7,051 SF
Previous
Next
Aston Veterinary Hospital
Media, PA
Investment Highlights
- Sales Price: $2,616,667
- Cap Rate: 6.00%
- Years Remaining: 13
- Lot Size: 0.64 Acres
- Market: Media, Pennsylvania
Contact Broker
Brian Wine
Description
The Wine Group is pleased to offer the opportunity to
acquire the fee simple interest (land & building ownership) in an absolute
NNN, freestanding, Aston Veterinary Hospital investment property located in
Media, Pennsylvania. The tenant, Aston Veterinary Hospital, LLC, has more than
13 years remaining on the initial term with 1 (10-year) option to extend,
demonstrating their commitment to the site. The lease features a 10% rental
increase in June 2024 and every 5 years throughout the initial term and option
period, growing NOI and hedging against inflation. The lease is guaranteed by
Community Veterinary Partners, LLC, and is absolute NNN with zero landlord responsibilities,
making it an ideal, management-free investment opportunity for a passive investor.
Founded in the late 1940’s, Aston Veterinary Hospital has been providing
state-of-the-art diagnostics and wellness care for pets for more than 70 years.
Location
The subject property is strategically located along Pennell Rd/ St Hwy 452, a major commuter thoroughfare averaging 12,100 vehicles passing by daily. The street-front property benefits from excellent visibility via a monument sigh along Pennell Rd/ St Hwy 452 as well as easy access via 3 separate points of ingress/egress. The sire is situated within 2.6 miles north of the on/off ramps to Interstate 95 (191,000 vehicles per day), a primary corridor traveling into the heart of Downtown Philadelphia. The asset is within close proximity to Walmart Supercenter, ALDI, Lowe’s Home Improvement, GIANT Food Stores, Walgreens, ShopRite, and more, promoting crossover store exposure for the site. The asset is within 1 mile southeast of Neumann University (2,391 Students) and is surrounded by housing communities including Concord Court Apartments (84 units), Colonial Village Green (63 units), and more, providing a direct consumer base from which to draw. The 5-miles trade area is supported by a dense Population of more than 190,000 residents and 72,000 daytimes employees with an affluent average household income of $101,188.