BluePearl Pet Hospital
- Price: $4,685,000
- Cap Rate: 6.25%
- Years Remaining: 6
- Rentable Area: 12,048 SF
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BluePearl Pet Hospital
Orange Park, FL
Investment Highlights
- Sales Price: $4,685,000
- Cap Rate: 6.25%
- Years Remaining: 6
- Lot Size: 1.33 Acres
- Market: Orange Park, 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 NN leased, freestanding, Blue Pearl Pet Hospital investment property located in Orange Park, Florida. The Tenant, Blue Pearl, has 6 years remaining in their initial term with 2 5-Year options to extend. The lease features annual increases of 2%. The lease is a NN net with limited landlord responsibilities of roof, structure, insurance, and real estate taxes, 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 Pet Hospital is strategically located on Corporate Way. The site benefits from superior visibility via significant street frontage and a monument sign situated along Corporate Way. It shares this busy Orange Park area with businesses like Harley Davidson, BMW, NAPA Auto Parts, Holiday Inn, and Courtyard Marriott. The location benefits from the frequent street traffic of Wells Road, which sees 23,306 vehicles daily. The 5-mile trade area is supported by a population of 120,135 and 44,336 daytime employees with an average household income of $81,546.
