AVG - Academy Animal Hospital
- Price: $595,000
- Cap Rate: 6.00%
- Years Remaining: 12.5
- Rentable Area: 4,155 SF
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AVG - Academy Animal Hospital
Laurinburg, NC
Investment Highlights
- Sales Price: $595,000
- Cap Rate: 6.00%
- Years Remaining: 12.5
- Lot Size: 1.88 Acres
- Market: Laurinburg, NC
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 an NNN leased, freestanding, AVG Academy Animal Hospital investment property located in Laurinburg, North Carolina. The Tenant, AVG Intermediate Holdings, LLC, has more than 12.5 years remaining in their initial term with 4 (5-Year) options to extend. The lease features annual rental increases of 2%. The lease is an absolute triple net with zero landlord responsibilities, making this a great no-management investment opportunity for a passive investor. Founded in 2015, American Veterinary Group (AVG) owns and operates a network of 50+ veterinary hospitals that treat and protect over 500,000 pets annually.
Location
AVG Academy Animal Hospital is strategically located off of State Highway 74, which averages 43,400 vehicles passing by daily. The site benefits from superior store visibility via significant a large pylon sign positioned along West Highway 74. In addition, the location is in close proximity to Downtown Laurinburg, which has a Comfort Inn, Hampton Inn, Chick-fil-A, Dunkin’, Arbys, and Scotland’s Memorial Hospital. The 5-mile trade area is supported by a population of over 19,500 and 10,600 daytime employees with an average household income of $52,081.
