BluePearl Pet Hospital
- Price: $3,075,000
- Cap Rate: 6.25%
- Years Remaining: 6
- Rentable Area: 9,160 SF
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BluePearl Pet Hospital
Jacksonville, FL
Investment Highlights
- Sales Price: $3,075,000
- Cap Rate: 6.25%
- Years Remaining: 6
- Lot Size: 0.95 Acres
- Market: Jacksonville, Florida
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, Blue Pearl Pet Hospital investment property located in Jacksonville, Florida. The Tenant, Blue Pearl, has over 6 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 NNN net with limited landlord responsibilities of repairs and maintenance, making it an ideal, low-management investment opportunity for a passive investor. Blue Pearl has hospitals all over the country and is committed to providing the communities they serve with comprehensive, compassionate veterinary care.
Location
Blue Pearl is strategically located on Southside Service Road. The site benefits from superior visibility via significant street frontage. It shares this busy Jacksonville area with businesses like Walmart, Whataburger, Harbor Freight Tools, and Family Dollar. The location benefits from the frequent street traffic of Southside Service Road, which sees 1,719 vehicles daily and Southside Boulevard, which sees over 19,000 Southbound and 22,000 Northbound daily vehicles. The 5-mile trade area is supported by a population of 224,718 and 161,439 daytime employees with an average household income of $67,606.
