Evervet - Bear Creek Vet Hospital
- Price: $1,639,087
- Cap Rate: 8.00%
- Years Remaining: 7
- Rentable Area: 6,637 SF
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Evervet - Bear Creek Vet Hospital
Albermarle, NC
Investment Highlights
- Sales Price: $1,639,087
- Cap Rate: 8.00%
- Years Remaining: 7
- Lot Size: 6.4 Acres
- Market: Albermarle, 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 a NNN leased, freestanding, Bear Creek Veterinary Hospital, investment property located in Albemarle, North Carolina. The Tenant, EverVet Partners, has 7.25 years remaining in their initial term with 2 (two) 5-year options to extend. The lease features annual rental increases of 3%. The lease is a triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. EverVet Partners is run for vets by vets, guided by healthcare professionals with deep experience developing successful practice support organizations in partnership with veterinarians.
Location
Bear Creek Veterinary Hospital is strategically located on NC Highway 73. The site benefits from superior visibility via significant street frontage and a pylon sign situated along NC Highway 73. It shares this busy Albemarle area with businesses like Dollar General, Walgreens, and Marathon. The location benefits from the frequent street traffic of NC Highway 73, which sees 6,216 vehicles daily. The 5-mile trade area is supported by a population of 6,981 and 540 daytime employees with an average household income of $92,943.
