Banfield Pet Hospital
- Price: $795,000
- Cap Rate: 7.50%
- Years Remaining: 4
- Rentable Area: 8,712 SF
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Banfield Pet Hospital
Holliston, MA
Investment Highlights
- Sales Price: $795,000
- Cap Rate: 7.50%
- Years Remaining: 4
- Lot Size: 0.2 Acres
- Market: Holliston, MA
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, Banfield Pet Hospital investment property located in Holliston, Massachusetts. The Tenant, Banfield, has over 4 years remaining in their initial term with 2 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. Banfield Pet Hospital is a practice powered by more than 3,600 veterinarians who have dedicated their careers to helping pets. Founded in Portland, Oregon, in 1955, Banfield has evolved into the leading provider of preventive veterinary care in the U.S. with more than 1,000 hospitals in neighborhoods across the country and Puerto Rico.
Location
Banfield Pet Hospital is strategically located on Exchange Street. The site benefits from superior visibility via significant street frontage and a pylon and facade sign situated along Exchange Street. It shares this busy Holliston area with businesses like CVS Pharmacy and Dunkin’. The location benefits from the frequent street traffic of Washington Street, which sees 16,138 vehicles daily. The 5-mile trade area is supported by a population of 70,579 and 30,339 daytime employees with an average household income of $214,018.
