Blue River - Grantview Animal Hospital
- Price: $463,032
- Cap Rate: 6.25%
- Years Remaining: 10
- Rentable Area: 10 SF
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Blue River - Grantview Animal Hospital
St Louis, MO
Investment Highlights
- Sales Price: $463,032
- Cap Rate: 6.25%
- Years Remaining: 10
- Lot Size: 0.29 Acres
- Market: St Louis, Missouri
Contact Broker
Brian Wine
Description
The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, freestanding, Grantview Animal Hospital investment property located in St. Louis, Missouri. The tenant, Blue River Petcare Group, LLC, has over 10 years remaining in their initial term with 2 (5-year) options to extend. The lease is NN with landlord responsibilities limited to roof, structure, and all other structural elements or components of the building, making it an ideal, low-management investment opportunity for a passive investor. Blue River Petcare Group, LLC is a leading operator of veterinary hospitals caring for household pets, managing a network of 118 general practice hospitals and 300+ veterinarians across 23 states in the U.S.
Location
The subject property is strategically located along Gravois Road, a major thoroughfare averaging 19,536 vehicles passing by daily. The site is equipped with a pylon sign, creating excellent street visibility. Nearby national/credit tenants include Walgreens, Sunset Ford, Hobby Lobby, Texas Roadhouse, Petsmart, Starbucks, Sam’s Club and more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover retail exposure for Grantview Animal Hospital The 5-mile trade area is supported by nearly 224,000 residents and 109,000 daytime employees. Residents within 1 mile of the subject property boast a healthy average household income of $105,889.
