VetCor - Cedarburg Veterinary Clinic
N143W6475 Pioneer Rd, Cedarburg, Wisconsin 53012
- Price: $1,123,948
- Cap Rate: 8.24%
- Years Remaining: 3+
- Rentable Area: 3,989 SF
VetCor - Cedarburg Veterinary Clinic - Cedarburg, Wisconsin
Investment Highlights
- Sales Price: $1,123,948
- Cap Rate:8.24%
- Years Remaining: 3+
- Lot Size: 0.55 Acres
- Market: Cedarburg, Wisconsin
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, Cedarburg Veterinary Clinic, S.C. investment property located in Cedarburg, Wisconsin The Tenant, VetCor, has over 3 years remaining in their initial term with 3 (three) 5-year options to extend. The lease features annual rental increases of 3%. The lease is a double net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Established in 1997, Vetcor has constructed a community-centric veterinary services company that supports over 845 practices across the United States and Canada.
Location
Cedarburg Veterinary Clinic, S.C. is strategically located on Pioneer Road. The site benefits from superior visibility via significant street frontage and a monument sign situated along Pioneer Road. It shares this busy Cedarburg area with businesses like Starbucks, McDonalds, Subway, Anytime Fitness and Dunkin. The location benefits from the frequent street traffic of Pioneer Road, which sees 9,836 vehicles daily. The 5-mile trade area is supported by a population of 53,873 and 20,536 daytime employees with an average household income of $159,731.
