PetVet Care Centers - Brodheadsville Veterinary Clinic
- Price: $975,000
- Cap Rate: 7.99%
- Years Remaining: 6
- Rentable Area: 6,437 SF
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PetVet Care Centers - Brodheadsville Veterinary Clinic - Brodheadsville, PA
Investment Highlights
- Sales Price: $975,000
- Cap Rate:7.99%
- Years Remaining: 6
- Lot Size: 1.37 Acres
- Market: Allentown, Pennsylvania
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, Brodheadsville Veterinary Clinic, investment property located in Brodheadsville, Pennsylvania. The Tenant, PetVet Care Centers, 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 triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. With more than 450 locally-led General Practice, Speciality, Emergency, and Equine hospitals, PetVet Care Centers offers outstanding care across the country. Built in 1904, the main building stands at the front of the property, while the wellness clinic behind it has been completely renovated and expanded with two new exam rooms.
Location
Brodheadsville Veterinary Clinic is strategically located on US-209. The site benefits from superior visibility via significant street frontage and a facade sign situated along US-209. It shares this busy Brodheadsville area with businesses like McDonald’s, KFC, Taco Bell, Burger King and CVS Pharmacy. The location benefits from the frequent street traffic of US-209, which sees 24,611 vehicles daily. The 5-mile trade area is supported by a population of 22,054 and 3,451 daytime employees with an average household income of $133,163.
