CareVet - Animal Hospital of Ashwaubenon
- Price: $1,818,461
- Cap Rate: 6.50%
- Years Remaining: 4
- Rentable Area: 7,639 SF
CareVet - Animal Hospital of Ashwaubenon
Green Bay, WI
Investment Highlights
- Sales Price: $1,818,461
- Cap Rate: 6.50%
- Years Remaining: 4
- Lot Size: 0.91 Acres
- Market: Green Bay, WI
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, Animal Hospital of Ashwaubenon investment property located in Green Bay, Wisconsin. The Tenant, CareVet, has over 4 years remaining in their initial term with 4 5-Year options to extend. The lease features a 2% annual rental increase . The lease is a triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Founded in 2018, CareVet is an established network of veterinary hospitals with over 100 practices across 30 states.
Location
Animal Hospital of Ashwaubenon is strategically located on Willard Drive. The site benefits from superior visibility via significant street frontage and a monument sign situated along Willard Drive. It shares this busy Green Bay area with businesses like Aldi, Chick-Fil-A, IHOP, Starbucks, and Walgreens. The location benefits from the frequent street traffic of Cormier Road and Oneida Street, which see 10,659 and 18,335 vehicles daily, respectively. The 5-mile trade area is supported by a population of 147,029 and 108,126 daytime employees with an average household income of $74,008.
