CVP - Animal Emergency Center
- Price: $1,259,042
- Cap Rate: 7.00%
- Years Remaining: 7.5
- Rentable Area: 4,008 SF
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CVP - Animal Emergency Center
Watsontown, PA
Investment Highlights
- Sales Price: $1,259,042
- Cap Rate: 7.00%
- Years Remaining: 7.5
- Lot Size: 3.07 Acres
- Market: Watsontown, 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 an NNN leased, freestanding, Community Veterinary Partners investment property located in Skokie, Illinois. The Tenant, CVP Operations PA, LLC, has over 7 and a half years remaining in their initial term with 2 (5-Year) options to extend. The lease features annual rental increases of 2%. The lease is triple net with limited landlord responsibilities of Premise, Roof, and Structure, making it an ideal, low-management investment opportunity for a passive investor. Community Veterinary Partners are in 16 states and have a mission of bringing joy to families by caring for the pets they love.
Location
Animal Emergency Center is strategically located off of Susquehanna Trail, which benefits from a strong daily traffic presence of over 2,500 daily vehicles. The location has superior visibility via significant street frontage and a monument sign facing the street. The hospital is 7 miles from Lewisburg and less than 3 miles away from downtown Watsontown. As of the 2020 census, Watsontown’s population was 2,117. The 5-mile trade area is supported by a population of 21,549 and 7,327 daytime employees with an average household income of $73,793.
